Director Shareholding

Lloyds TSB Group PLC
30 August 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 53,871
and 1,822 shares, respectively, at prices ranging from 214p to 768p per share to
individuals who had exercised share options granted under the group's employee
share schemes.

In addition, Hill Samuel Offshore Trust Company Limited, as trustee of the
Lloyds TSB Group employee share ownership trust, today transferred 169 shares to
certain of these individuals to compensate them for the special dividend of
68.3p per share which was paid to former TSB Group plc shareholders in 1996,
following the merger with Lloyds Bank Plc, but which was not paid to
optionholders.

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 8,353,953 and 2,204,976 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. 

A.J. Michie 
Secretary