Holding(s) in 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):                                                        

3. Full name of person(s) subject to the    Peter Koprna                       
notification obligation (iii):                                                 
                                                                               
4. Full name of shareholder(s) (if          The Bank of New York (nominees) Ltd
different from 3.) (iv):                    a/c RZB                            
                                                                               
5. Date of the transaction (and date on     17 October 2008                    
which the threshold is crossed or reached                                      
if different) (v):                                                             
                                                                               
6. Date on which issuer notified:           27 November 2008                   
                                                                               
7. Threshold(s) that is/are crossed or      5.75%                              
reached:                                                                       
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of Situation previous    Resulting situation after the triggering   
   shares             to                        transaction (vii)              
 if possible    the Triggering                                                 
  using the    transaction (vi)                                                
  ISIN CODE                                                                    
                                                                               
               Number    Number     Number    Number of voting    % of voting  
                 of        of         of        rights (ix)         rights     
               Shares    Voting     shares                                     
                         Rights                                                
                         (viii)                                                
                                                                               
                                              Direct  Indirect  Direct Indirect
                                               (x)      (xi)                   
                                                                               
GB0005316079                                                                   
                                                                               
Number of shares previous the triggering transaction: 6,100,000 units          
                                                                               
Percentage of voting rights previous the triggering transaction: 4.28%         
                                                                               
Number of shares after the triggering transaction: 8,180,000 units             
                                                                               
Percentage of voting rights after the triggering transaction: 5.75%            

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                     
                                                                               
8,180,000                               5.75%                                  

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

Name of the Company/Fund Number of Shares % of issued share capital            
                                                                               

Proxy Voting:


10. Name of the proxy holder:                                 n/a              
                                                                               
11. Number of voting rights proxy holder will cease to hold:  n/a              
                                                                               
12. Date on which proxy holder will cease to hold voting      n/a              
rights:                                                                        

13. Additional information:                             Notified by Raiffeisen 
                                                        Zentralbank Osterreich 
                                                        AG                     
                                                                               
14. Contact name:                                       FRANK DYSON            
                                                                               
                                                        COMPANY SECRETARY      
                                                                               
                                                        London Scottish Bank   
                                                        plc                    
                                                                               
15. Contact telephone number:                           0161 830 2442          



END
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