Director Shareholding

Lloyds TSB Group PLC
25 May 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 698,754
and 12,483 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.

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 12,061,328 and 2,296,518 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.