Director Shareholding

Lloyds TSB Group PLC
2 May 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, today transferred 87,127 shares at prices ranging from 178p
to 718p 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 3,261
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 306,392 and 1,831,406 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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