Director Shareholding

Lloyds TSB Group PLC
8 March 2001


Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Share Schemes Trustees Limited, as trustee of the TSB Group employee
trust, Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying
employee share ownership trust and Hill Samuel Offshore Trust Company Limited,
as trustee of the Lloyds TSB Group employee share ownership trust, today
transferred 7,587, 35,385 and 106,332 shares, respectively, to individuals who
had exercised share options granted under the group's employee share schemes.

The following directors, together with some 70,000 other employees, are
potential beneficiaries of the trusts and are therefore to be treated as
interested in the remaining 30,941,311 and 2,993,668 shares, respectively, held
by the Lloyds TSB qualifying employee share ownership trust and the Lloyds TSB
Group employee share ownership trust.

                             Mr. M.K. Atkinson
                             Mr. P.B. Ellwood
                             Mr. M.E. Fairey
                             Mr. D. Holt
                             Mr. A.G. Kane
                             Mr. A.E. Moore
                             Sir Brian Pitman
                             Mr. D.P. Pritchard
                             Mr. M.D. Ross
                             Mr M.A. van den Bergh

This notification is made to comply with paragraph 16.13 of the listing rules.