Early Redemption

Early Redemption 

    LONDON--(BUSINESS WIRE)--May 8, 2003--

Please be advised that the following issue has been redeemed early;

CALL OPTION

ISIN:                XS0161517429

Issuer:              LLOYDS TSB TREASURY

Call Date:           19TH MAY 2003

Redemption amount:   USD 20,000,000.00

New amount O/S:      NIL

Please amend your records accordingly.

   Short Name: Lloyds TSB Group PLC
   Category Code: MSC
   Sequence Number: 00004618
   Time of Receipt (offset from UTC): 20030508T101050+0100