FRN Variable Rate Fix

Lloyds TSB - Securities Administration
                  

RE: LLOYDS TSB BANK PLC
    GBP 6,030,000.00
    MATURING: 22/Nov/2006
    ISSUE DATE: 22/May/2002
    ISIN: XS0146601512

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/Feb/2006 TO 22/May/2006 HAS BEEN FIXED AT 4.421880 PCT.

DAY BASIS 89/365

INTEREST PAYABLE VALUE 22/May/2006 WILL AMOUNT TO:
GBP 107.82 PER GBP 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: [phone]/3855 OR FAX: [phone].