FRN Variable Rate Fix

Lloyds TSB - Securities Administration
                  

RE: LLOYDS TSB BANK PLC
    USD 5,070,000.00
    MATURING: 05/Jun/2009
    ISSUE DATE: 05/Jun/2003
    ISIN: XS0168456803

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
05/Sep/2005 TO 05/Dec/2005 HAS BEEN FIXED AT 3.241758 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 05/Dec/2005 WILL AMOUNT TO:
USD 80.82 PER USD 10,000.00 DENOMINATION

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