Director Shareholding

Lloyds TSB Group PLC
19 July 2001

Lloyds TSB Group plc ordinary shares of 25p each 
Notification of interests of directors

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 149,882
and 4,803 shares, respectively, at prices ranging from 178p to 768p per share to
individuals who had exercised share options granted under the group's employee
share schemes.

The following directors, together with some 73,000 other employees, are
potential beneficiaries of the trusts and are therefore to be treated as
interested in the remaining 9,005,755 and 2,223,356 shares, respectively, held
by these trusts.

               Mr. M.K. Atkinson
               Mr. P.B. Ellwood
               Mr. M.E. Fairey
               Mr. D. Holt
               Mr. A.G. Kane
               Mr. A.E. Moore
               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.