Director/PDMR Shareholding

Lloyds TSB Group PLC
16 October 2006



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)       An issuer making a notification in respect of a transaction relating to the shares or debentures of the
          issuer should complete boxes 1 to 16, 23 and 24.
(2)       An issuer making a notification in respect of a derivative relating to the shares of the issuer should
          complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.
(3)       An issuer making a notification in respect of options granted to a director/person discharging
          managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)       An issuer making a notification in respect of a financial instrument relating to the shares of the
          issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes in block capital letters.


1. Name of the issuer
LLOYDS TSB GROUP plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)
NOTIFICATION RELATES TO (i) AND (ii)

3. Name of person discharging managerial responsibilities/director
GEORGE TRUETT TATE

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person
SEE SECTION 8

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
SEE SECTION 8

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
ORDINARY SHARES OF 25p each

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

Lloyds TSB Registrars Corporate Nominee Limited
AESOP1 account (LTSBRCNL AESOP1):                             2,105
Hill Samuel Offshore Trust Company Limited (HSOTC):          50,068
Conditional award of shares under the:
Lloyds TSB performance share plan                           169,720
Lloyds TSB long-term incentive plan                         297,114




8 State the nature of the transaction
989 and 964 shares were purchased by HSOTC on 3rd May, 2006 and 4th October, 2006 at 534.21p and
549.99p per share respectively for Mr. Tate under the dividend reinvestment plan.


The director notified the company today as soon as he became aware of the information.


9. Number of shares, debentures or financial instruments relating to shares
acquired
SEE SECTION 8

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
MINIMAL

11. Number of shares, debentures or financial instruments relating to shares
disposed
N/A

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
N/A

13. Price per share or value of transaction
SEE SECTION 8

14. Date and place of transaction
THE TRANSACTIONS TOOK PLACE AS STATED IN SECTION 8 IN THE UK AND THE SHARES ARE LISTED ON THE LONDON STOCK
EXCHANGE.

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

MR. G.T. TATE                                               1,953
LTSBRCNL AESOP1:                                            2,105
HSOTC:                                                     50,068
Conditional award of shares under the:
Lloyds TSB performance share plan                         169,720
Lloyds TSB long-term incentive plan                       297,114

PERCENTAGE HOLDING IS MINIMAL


16. Date issuer informed of transaction
16TH OCTOBER, 2006





If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17 Date of grant
-

18. Period during which or date on which it can be exercised
-

19. Total amount paid (if any) for grant of the option
-

20. Description of shares or debentures involved (class and number)
-


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise
-

22. Total number of shares or debentures over which options held following
notification
1,116,907

23. Any additional information
-


24. Name of contact and telephone number for queries
MR. A.J. MICHIE, SECRETARY                                         020 7356 1043


Name and signature of duly authorised officer of issuer responsible for making
notification
MR. A.J. MICHIE, SECRETARY

Date of notification 16TH OCTOBER, 2006





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