As Agent Bank, please be advised of the following rate              determined on: 17-Dec-2008
 Issue                                 :  Lloyds TSB Bank Plc US$750,000,000
                                          Primary Capital Undated FRN - Series 1
 ISIN Number                           :  GB0005224307
 Common Code / 144A ISIN               :  5224307
 Issue Nomin USD                       :  750,000,000.00
 Period                                :  19-Dec-2008 to 19-Jun-2009                          Payment Date 19-Jun-2009
 Number of Days                        :  182
 Rate                                  :  2.125
 Denomination US                       :  10,000.00
                                                                    
 Amount Payable per                    :  107.43
 Denomination
                                                                    
 Bank of New York
 Rate Fix Desk                                                     Telephone                            44 1202 689580
 Corporate Trust Services                                          Facsimile                            44 1202 689601
    
    


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