Director Shareholding

Lloyds TSB Group PLC
1 June 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, today transferred 32,976 shares at 768p per share 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 trust and are therefore to be treated as
interested in the remaining 11,554,931 shares held by it.

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.