Director Shareholding

Lloyds TSB Group PLC
6 December 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, today transferred 178,608 shares at prices ranging from 161p 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 771 shares to
individuals who had exercised share options 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 2,707,245 and 1,952,497 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.