Exclusive: UK may extend 'trading plan' to sell more Lloyds shares - sources

LONDON (Reuters) - Britain is considering selling more shares in Lloyds Banking Group by extending a trading plan beyond the current deadline at the end of June, people with knowledge of the matter said.

Morgan Stanley has sold a 5 percent stake in Lloyds since December through a "pre-arranged trading plan" that it was asked to undertake by UK Financial Investments (UKFI), the government agency which manages Britain's stakes in bailed-out banks.

The government's stake has been cut to 19.9 percent from 24.9 percent through the plan, which has so far raised over 2.5 billion pounds for taxpayers, and an extension could help the government fully return Lloyds to private ownership in the next year.

(Reporting by Matt Scuffham; Editing by Steve Slater)

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