Note 5(i) on Rule 8 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 Full name of person making disclosure:                                  Lloyds Banking Group plc and its subsidiaries 
----------------------------------------------------------------------  ---------------------------------------------- 
 Name of offeror/offeree in relation to whose relevant securities the    TSB Banking Group plc 
 disclosure relates: 
----------------------------------------------------------------------  ---------------------------------------------- 
 
   2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS) 
 
    Class of           Product         Written or        Number of      Exercise price        Type         Expiry date 
    relevant         description        purchased      securities to       per unit      e.g. American, 
    security          e.g. call                         which option                      European etc. 
                       option                          or derivative 
                                                          relates 
----------------  ----------------  ----------------  ---------------  ---------------  ----------------  ------------ 
 1p ordinary       Call Option       Written           100,000,000      At the Offer     Exercisable any   None 
                                                                        price the time   time in 4 
                                                                        the call is      tranches 
                                                                        exercised 
----------------  ----------------  ----------------  ---------------  ---------------  ----------------  ------------ 
 
   3.         AGREEMENTS TO PURCHASE OR SELL ETC. 
 
 Full details should be given so that the 
  nature of the interest or position can be 
  fully understood: 
------------------------------------------------ 
 
   Further details of the above arrangement 
   can be found on the TSB Banking Group website 
------------------------------------------------ 
 

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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