19 November 2008

<strong>Results of General Meeting</strong>

Lloyds TSB Group plc held its General Meeting today to vote on the proposed acquisition of HBOS plc,

the proposed placing and open offer and the proposed capitalisation issue. All resolutions were passed

by a significant majority.

Commenting on the positive outcome, Sir Victor Blank, Chairman of Lloyds TSB said; “Today’s

successful vote marks another important milestone in the proposed acquisition of HBOS plc to create the

UK’s leading financial services company. I am delighted that our shareholders have endorsed the

compelling strategic logic for this transaction.”

Eric Daniels, Group Chief Executive of Lloyds TSB further commented; “We are very pleased to have

received our shareholders’ endorsement for the strategy we have set out. We believe this transaction

provides certainty for the shareholders of HBOS and they, along with the Lloyds TSB shareholders, will

have the opportunity to share in the benefits that come from the combination. We remain on track to

complete the proposed acquisition of HBOS in mid-January 2009.”

<strong>Results of meeting:</strong>

 <strong>Main Ordinary Resolutions</strong>

<strong>1. To authorise the acquisition of HBOS plc</strong>

 <strong> For</strong> 2,991,725,191 shares  <strong>Against</strong> 125,237,286 shares  <strong>Withheld</strong> 23,930,925 shares

<strong>2. To authorise the waiver by the Panel in relation to the acquisition of shares by HM Treasury</strong>

 <strong>For</strong> 2,932,923,481 shares  <strong>Against</strong> 109,067,862 shares  <strong>Withheld</strong> 23,813,989 shares

On 19 November, 2008 there were 5,972,853,501 relevant shares2 in issue and 372 shareholders

or persons representing shareholders attended the meeting. Shareholders are entitled to one

vote per share. Votes withheld are not votes and, therefore, have not been counted in the

calculation of the proportion of votes for and against a resolution.