Director Shareholding

Lloyds TSB Group PLC
19 October 2001


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

    MICHAEL EDWARD FAIREY

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

    HOLDING OF DIRECTOR

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)

    SEE APPENDIX

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

    SEE APPENDIX

7)  Number of shares/amount of
    stock acquired

    SEE APPENDIX

8)   (N/A %)
    of issued Class

    MINIMAL

9)  Number of shares/amount
    of stock disposed

    N/A

10)  ( N/A %)
    of issued Class



11) Class of security

    ORDINARY SHARES OF 25P EACH

12) Price per share

    SEE APPENDIX
   
13) Date of transaction

    SEE APPENDIX

14) Date company informed

    SEE APPENDIX

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

    -

18) Period during which or date on which exercisable

    -

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

    -

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

    -

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

    -

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

    619,311

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 OCTOBER, 2001  



APPENDIX


                                 SCHEDULE 11
        NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSON             
        
SECTION 4

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

  Mr. Fairey:                                                     67,257
  Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):            3,367
  Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):   
  - Mr. Fairey (Single company maxi ISA):                          2,868       



SECTIONS 5, 6, 7, 12, 13, AND 14

49 shares were purchased by Lloyds TSB Registrars (ISA) Nominees Limited on 10th
October, 2001 at 680p per share for Mr. Fairey's single company ISA.

LTSBR(I)NL notify investors by post of details relating to changes affecting 
ISAs. The director was, therefore, not aware of the changes relating to the 
holdings until some time after the transactions. The director notified the 
company today as soon as he received the information from LTSBR(I)NL.



SECTION 15

Total holding following this notification:

   Mr. Fairey:                                     67,257
   LTSBSSTL:                                        3,367
   LTSBR(I)NL:                 
   - Mr. Fairey (Single company maxi ISA):          2,917




                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

    LAWRENCE MCALLISTER URQUHART

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

    SEE APPENDIX

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)

    SEE APPENDIX

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

    SEE APPENDIX

7)  Number of shares/amount of
    stock acquired

    SEE APPENDIX

8)   (N/A %)
    of issued Class

    MINIMAL

9)  Number of shares/amount
    of stock disposed

    N/A

10)  ( N/A %)
    of issued Class



11) Class of security

    ORDINARY SHARES OF 25P EACH

12) Price per share

    SEE APPENDIX
   
13) Date of transaction

    SEE APPENDIX

14) Date company informed

    SEE APPENDIX

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

    -

18) Period during which or date on which exercisable

    -

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

    -

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

    -

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

    -

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

    -

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 OCTOBER, 2001  



APPENDIX


                                 SCHEDULE 11
        NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSON             
        
SECTION 4

  Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):   
  - Mr. L.M. Urquhart (Single company maxi ISA)                1,093       
  - Mrs. E.C. Urquhart (Single company maxi ISA)               1,093


SECTIONS 3, 5, 6, 7, 12, 13 AND 14

20 shares were purchased by Lloyds TSB Registrars (ISA) Nominees Limited on 10th
October, 2001 at 680p per share for each of Mr. and Mrs. L.M. Urquhart's single 
company ISAs.

LTSBR(I)NL notify investors by post of details relating to changes affecting 
ISAs. The director was, therefore, not aware of the changes relating to the 
holdings until some time after the transactions. The director notified the 
company today as soon as he received the information from LTSBR(I)NL.



SECTION 15

Total holding following this notification:

   LTSBR(I)NL                                    
   - Mr. Urquhart (Single company maxi ISA):       1,113                        
   - Mrs. Urquhart (Single company maxi ISA):      1,113