Director Shareholding

Lloyds TSB Group PLC
14 February 2002



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 96,319 
and 3,000 shares respectively, at prices ranging from l6lp 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 297 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 1,719,373 and 1,939,013 shares, respectively, held
by these trusts.

Mr. M.K. Atkinson
Mr. J.E. Daniels
Mr. P.B. Ellwood
Mr. M.E. Fairey
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. 
 

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