HBOS Treasury Services PLC



RE: HBOS TREASURY SERVICES PLC
    GBP 40,000,000.00
    MATURING: 15/Dec/2008
    ISSUE DATE: 15/Dec/2006
    ISIN: XS0277414362

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15/Dec/2006 TO 15/Mar/2007 HAS BEEN FIXED AT 5.255630 PCT

DAY BASIS 90/365

INTEREST PAYABLE VALUE 15/Mar/2007 WILL AMOUNT TO:
GBP 647.95 PER GBP 50,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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