Director Shareholding

Lloyds TSB Group PLC
19 September 2001

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

    MICHAEL KENT ATKINSON

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    N/A

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    SEE APPENDIX

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    N/A

7)  Number of shares/amount of
    stock acquired

    N/A

8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed

    N/A

10)  ( N/A %)
    of issued Class



11) Class of security

     -

12) Price per share

    -

13) Date of transaction

    N/A

14) Date company informed

    N/A

15) Total holding following this notification

    SEE APPENDIX

16) Total percentage holding of issued class following this notification

    MINIMAL

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    19/09/2001

18) Period during which or date on which exercisable

    01/11/2004 TO 30/04/2005

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

    NIL

20) Description of shares or debentures involved: class, number.

    ORDINARY SHARES OF 25P - 1,245

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

    591P

22) Total number of shares or debentures over which options held
    following this notification

    492,755

23) Any additional information



24) Name of contact and telephone number for queries

    A J MICHIE  020 7356 1043

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification  19TH SEPTEMBER 2001                               


                                 APPENDIX

LLOYDS TSB GROUP plc 
MR. M. K. ATKINSON
 
                              SCHEDULE 11
        NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

SECTIONS 4 AND 15

Names of the registered holders and the number of shares held by each of them 
before and following this notification:

Mr. Atkinson:                                               2,465 
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):       3,367 
Perry Nominees Limited (PNL):                             117,032 
Lloyds Bank (PEP Nominees) Limited (LB(PN)L):
- Mr. Atkinson (Single company)                             3,430
- Mrs. Atkinson (Single company)                            1,441
- Mrs. Atkinson (General)                                   1,238 
Boltro Nominees Limited (BNL):
- Mr. Atkinson (Sharelect ISA):                             3,092