Dividend Reinvestment Plan (the 'Plan')
As there will be a Capitalisation Issue in lieu of the interim dividend for the financial year ending 31 December 2008, the HBOS plc Dividend Reinvestment Plan (the "Plan") will not apply to this payment. Any residual dividend entitlements of shareholders in respect of elections made in respect of their holdings of existing Ordinary Shares will continue to be carried forward in accordance with the terms and conditions of the Plan to be applied to the 2008 final dividend.
The following link gives full details on the Plan and includes its Terms and Conditions 
which you should read carefully. The Terms and Conditions are set out as questions and answers.
The Plan enables shareholders to receive HBOS shares instead of cash dividends. Under the Plan, we have arranged for our Plan Administrator, Computershare Investor Services PLC, to use your cash dividend to buy existing HBOS shares on your behalf in the stock market. Under the Plan, the number of HBOS shares you will receive will depend upon the cash amount otherwise payable to you divided by the market price at the time the HBOS shares are purchased on your behalf. There will also be a charge to cover the costs of buying the shares for you and running the Plan as detailed in clause 7 in the Terms and Conditions.
Should you wish to join the Plan you must complete and return a Mandate Form to Computershare Investor Services PLC, PO Box 1910, The Pavilions, Bridgwater Road, BRISTOL BS99 7DZ.
The average purchase price obtained for shares between 12 and 14 May 2008 was 488.918p per share. So for example, a reinvestment of £100 would purchase in the order of 20 shares after charges and tax have been deducted.
For more information please call 0870 702 0102.
Dividend Reinvestment Plan timetable for the 2008 final dividend payment:
| Dividend Reinvestment Plan timetable* | |
|---|---|
| Ordinary shares ex-dividend date | TBC |
| Ordinary shares record date | TBC |
| Return date for receipt of Mandate Forms for the Dividend Reinvestment Plan for the final dividend 2008 and future dividends | TBC |
| Final ordinary dividend 2008 payment date | TBC |
| Price per share | TBC |
* These dates are normally published along with the 2008 Preliminary Results on 25 February 2009
Dividend Reinvestment Plan Historical Information:
| Payment Date | Ex-Dividend Date | Record Date | Price Per Share |
|---|---|---|---|
| 12 May 2008 | 12 Mar 2008 | 14 Mar 2008 | 488.918p |
| 08 Oct 2007 | 08 Aug 2007 | 10 Aug 2007 | 954.1024p |
| 14 May 2007 | 14 Mar 2007 | 16 Mar 2007 | 1080.83p |
| 09 Oct 2006 | 09 Aug 2006 | 11 Aug 2006 | 1082.12p |
| 15 May 2006 | 15 Mar 2006 | 17 Mar 2006 | 940.3647p |
| 07 Oct 2005 | 10 Aug 2005 | 12 Aug 2005 | 852.8540p |
| 13 May 2005 | 16 Mar 2005 | 18 Mar 2005 | 801.2346p |
If you have any questions concerning the the Plan, please contact the Plan Administrator:
Computershare Investor Services PLC
PO Box 1912
The Pavilions
Bridgwater Road
BRISTOL
BS99 2HF
Telephone: 0870 702 0102
You can also view historical Reference Price information for both HBOS plc ordinary shares and Bank of Scotland ordinary shares by clicking on the following link Share Dividend Plan Historical Information
These documents are PDF files (Portable Document Format) and you will need Adobe Acrobat Reader®
to access the document contents. If you do not have Adobe Acrobat installed on your computer, please click the image below for a free download. The Adobe web site will be opened in another window.
If you are having trouble reading these documents with a screen reader, please check that your screen reader software is compatible with PDF files. You can learn about PDF files and accessibility at access.adobe.com .
Adobe, the Adobe logo, Acrobat, the Acrobat logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries.
