63GF Natwest.m 24

    RNS Number : 4636Z
  HBOS PLC
  21 July 2008
   

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, HONG KONG, JAPAN, SINGAPORE, SOUTH
AFRICA OR THE UAE

    HBOS PLC

    Results of Rights Issue

    21 July 2008


    HBOS plc ("HBOS") announces that it has received valid acceptances in respect of 124,321,275 New Shares, representing approximately
8.29% of the total number of New Shares offered to Shareholders pursuant to the 2 for 5 Rights Issue announced on 29 April 2008.

    In accordance with the arrangements set out in Part X of the Rights Issue prospectus dated 19 June 2008 (the "Prospectus") the
Underwriters will, until 4:30 p.m. on 22 July 2008, endeavour to procure subscribers for the remaining 1,375,341,053 New Shares, for which
valid acceptances were not received (the "Placing"), subject to the following paragraph. Each of the Underwriters and sub-underwriters and
their respective affiliates may participate in the Placing.

    Notwithstanding the above, the Underwriters will not be obliged to endeavour to procure subscribers if, at any time prior to 4:30 p.m.
on 22 July 2008, they are of the opinion that it is unlikely that any such subscribers can be procured at a price per New Share which is at
least equal to the aggregate of the Issue Price of 275 pence per New Share and the expenses of procuring subscribers (including any
applicable brokerage and commissions and amounts in respect of value added tax). In such circumstances, the Underwriters, subject to their
sub-underwriting arrangements, will subscribe for any New Shares then unsubscribed at the Issue Price. A further announcement will be made
at that time.

    It is expected that, where valid acceptances have been received pursuant to the Rights Issue, the New Shares in uncertificated form will
be credited to CREST accounts as soon as practicable after 8.00 am, today, 21 July 2008, and that definitive share certificates in respect
of the New Shares in certificated form will be despatched to Shareholders by 28 July 2008.

    As stated in the Prospectus, the HBOS directors subscribed, to the extent permitted, for their full entitlements under the Rights
Issue.

    Contacts
    Investor Relations:               Charles Wycks
                                                      Director of Investor Relations
                                                      +44 (0)131 243 5509
                                                      charleswycks@hbosplc.com 

                                                      John Hope
                                                      Director, Investor Relations
                                                      +44 (0)131 243 5508
                                                      johnhope@hbosplc.com

    Press Office:                           Shane O'Riordain
                                                     General Manager, Group Communications
                                                      +44 (0)131 243 7195
                                                      +44 (0)7770 544585 (mobile)
                                                      Shaneo'riordain@hbosplc.com

    Words and expressions defined in the Prospectus have the same meaning in this announcement unless the context so requires otherwise.

    This announcement is not for distribution, directly or indirectly, into the United States, Hong Kong, Japan, Singapore, South Africa or
the UAE or any other jurisdiction where any such distribution would be unlawful. This announcement is not an offer of securities for sale in
the United States, Japan or South Africa. The securities mentioned herein have not and will not be registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration thereunder.
There will be no public offer of securities in the United States.

    This announcement is not a prospectus but an advertisement and investors should not subscribe for any New Shares referred to in this
announcement except on the basis of information contained in the Prospectus.

    This announcement does not constitute an offer to sell, or a solicitation of an offer to subscribe for, the New Shares being issued in
connection with the Rights Issue. If you are in any doubt about any matters in this announcement or relating to the Rights Issue, you should
take your own advice from someone independent and duly authorised to give this advice.

    Neither the content of HBOS plc's website nor any website accessible by hyperlinks on HBOS plc's website is incorporated in, or forms
part of, this announcement.

    The distribution of this announcement and/or the Prospectus and/or the transfer of New Shares into jurisdictions other than the United
Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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