Holding(s) in Company - Clarification

    Due to an archiving error by PRNewswire's regulatory news feed manager, the following 
statement issued on 10th April 2008 was re-released on the evening of 31st May 2008.

PRNewswire wishes to make it clear that the duplicate submission is the result of a 
technical process error and in no way constitutes an active resubmission by the issuing 
company.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * *

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

LONDON SCOTTISH BANK PLC

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
An acquisition or disposal of voting rights                      Yes           
                                                                               
An acquisition or disposal of financial instruments                            
which may result in the acquisition of shares already                          
issued to which voting rights are attached                                     
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): Transfer to External Fund                              
Manager                                                                        

3. Full name of person(s)     BT Pension                                  
subject to the notification   Scheme                                      
obligation (iii):             Trustees                                    
                              Limited as                                  
4. Full name of shareholder   trustee of the Hermes UK                    
(s) (if different from 3.)    BT Pension     Small                        
(iv):                         Scheme. See    Companies                    
                              Section 9 for  Focus Fund                   
                              further                                     
5. Date of the transaction    information    8th April 2008               
(and date on which the                                                    
threshold is crossed or                                                   
reached if different) (v):                                                
                                                                          
6. Date on which issuer                                     9th April 2008
notified:                                                                 
                                                                          
7. Threshold(s) that is/are                                       7%      
crossed or reached:                                                       
                                                                          
8. Notified details:                                                      
                                                                          

A: Voting rights attached to shares

 Class/type  Situation previous to    Resulting situation after the triggering   
 of shares      the Triggering                   transaction (vii)               
if possible    transaction (vi)                                                  
 using the                                                                       
 ISIN CODE                                                                       
                                                                                 
               Number     Number    Number    Number of voting     % of voting   
                 of         of        of         rights (ix)          rights     
               Shares     Voting    shares                                       
                          Rights                                                 
                          (viii)                                                 
                                                                                 
                                    Direct    Direct   Indirect  Direct  Indirect
                                                (x)      (xi)                    
                                                                                 
  0531607    13,523,579 13,523,579 1,195,639 1,195,639 9,827,940 0.840%   6.903% 
                                                                                 
GB0005316079                                                                     
                                                                                 
  ORD 1OP                                                                        

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
11,023,579                              7.743%                                 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund    
Trustees Limited, which is the parent undertaking of Hermes Fund Managers      
Limited. Hermes Fund Managers Limited is the parent undertaking of:            
                                                                               
1. Hermes Equity Ownership Services Limited (voting rights held in this issuer:
0.003%)                                                                        
                                                                               
2. Hermes Investment Management Limited (voting rights held in this issuer:    
0.840%)                                                                        
                                                                               
3. Hermes Focus Asset Management Limited (voting rights held in this issuer:   
6.900%)                                                                        
                                                                               
Please see Section 13 for further information                                  

Proxy Voting:


10. Name of the proxy holder:                          See comment in Section  
                                                       13                      
                                                                               
11. Number of voting rights proxy holder will cease to See comment in Section  
hold:                                                  13                      
                                                                               
12. Date on which proxy holder will cease to hold      See comment in Section  
voting rights:                                         13                      

13. Additional        Hermes Equity Ownership Services Limited hold the voting 
information:          rights under a standing proxy contained in agreements for
                      the provision of voting services to various underlying   
                      clients for the purposes of DRT 5.2.1.(h), which includes
                      all shares owned directly by BT Pension Scheme.          
                                                                               
                      Hermes Investment Management Limited hold the voting     
                      rights under a standing proxy contained in investment    
                      management agreements with various underlying clients for
                      the purposes of DTR 5.2.1.(h).                           
                                                                               
                      All voting rights held on behalf of the above entities   
                      are aggregated for the purposes of DTR 5.2.1.(e).        
                                                                               
                      This disclosure is made by BT Pension Scheme Trustees    
                                                                               
                      Limited, which is the ultimate parent undertaking for the
                      purposes of DTR 5.2.1.(e)                                
                                                                               
14. Contact name:     FRANK DYSON                                              
                                                                               
                      COMPANY SECRETARY                                        
                                                                               
15. Contact telephone 0161 830 2442                                            
number:                                                                        



END
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