RNS Number:1015J
HBOS PLC
24 March 2003

                                                                    FORM 8.1/8.3

      Lodge with a RIS or Newstrack if appropriate and the Takeover Panel. Use a
    separate form for each class of securities in which dealings have been made.

Date of Disclosure     24/03/03




DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
AND MERGERS

Date of dealing     21/03/03




Dealing in (name of company)     SIX CONTINENTS PLC



1. Class of securities (eg ordinary shares)     GBP 0.28



2.
Amount bought                           Amount sold                             Price per unit
                                        1,250                                   #6.28




3. Resultant total of the same class owned or controlled (and percentage of
class)
11,546,438                                                   1.33%

4. Party making disclosure
HBOS Plc



5. EITHER (a) Name of purchaser / vendor (Note 1)




OR (b) if dealing for discretionary client(s), name of fund management
organisation
HBOS Plc

6. Reason for disclosure (Note 2)




(a) associate of

(i) offeror (Note 3)

NO

(ii) offeree company

NO

Specify which category or categories of associate (1-8 overleaf)




If category (8), explain




(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of the
class of relevant securities dealt in)

YES

Signed, for and on behalf of the party named in (4) above




(Also print name of signatory)
Kaeron Heraty

Telephone and Extension number
0207 321 1229 Kyriacos Meraklis







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

DCCKGGZFMDGGFZM