Director Shareholding

Lloyds TSB Group PLC
13 May 2002



                       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 
      
    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)   (MINIMAL %)
    of issued Class 



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 

    793,242 

23) Any additional information

    -

24) Name of contact and telephone number for queries

    A.J. MICHIE, SECRETARY - 020 7356 1043


25) Name and signature of authorised company official responsible for 
    making this notification

    Date of Notification      13 MAY, 2002                            
                            


APPENDIX
      
LLOYDS TSB GROUP plc  
MR. M.E. FAIREY

                               SCHEDULE 11 
       NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS 


Section 4 

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

Mr. Fairey:                                                   67,874
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):          3,367   
Lloyds TSb Registrars (ISA) Nominees Limited (LTSBR(I)NL):      
- Mr. Fairey (Single company maxi ISA)                         2,917   


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

866 shares held for Mr. Fairey by LTSBSSTL were transferred to him on 28th 
April, 2002. This was not a notifiable event under the Companies Act, as there
was no change in the director's interest.

90 shares were purchased by Lloyds TSB Registrars (ISA) Nominees Limited on 1st 
May, 2002, at 788p per share for Mr. Fairey's single company maxi 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 transaction. 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:                                            68,740 
LTSBSSTL:                                               2,501
LTSBR(I)NL:
- Mr. Fairey (Single company maxi ISA):                 3,007

 

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