Director Shareholding

Lloyds TSB Group PLC
21 May 2002



                                    SCHEDULE 11

            NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

AVS NO   All relevant boxes should be completed in typed block capital
         letters.


    1.     Name of company                                      2.     Name of director

          LLOYDS TSB GROUP plc                                         JOHN ERIC DANIELS

 3. Please state whether notification indicates that it is
    in respect of holding of the shareholder named in 2         4.     Name of the registered holder(s) and, if more
    above or in respect of a non-beneficial interest or in      than one holder, the number of shares held by each of
    the case of an individual holder if it is a holding of      them (if notified)
    that person's spouse or children under the age of 18 or
    in respect of an non-beneficial interest

                                                                     AS ABOVE
    HOLDING OF DIRECTOR



                                                             6. Please state the nature of the transaction. For PEP
    5.     Please state whether notification relates to a       transactions please indicate whether general/single co
    person(s) connected with the director named in 2 above      PEP and if discretionary/non discretionary
    and identify the connected person(s)                     
                                                                ACQUISITION OF SHARES THROUGH"DIVIDEND REINVESTMENT
                                                                PLAN"
         N/A


    7. Number of shares/          8. Percentage of issued       9. Number of shares/          10. Percentage of issued
       amount                        class                         amount                         class
       of stock acquired                                           of stock disposed
                                       MINIMAL                                                     N/A
         29                                                          N/A


    11. Class of security         12. Price per share           13. Date of transaction       14. Date company informed

       ORDINARY SHARES                 798.9734p                     01/05/2002               21/5/2002
       OF 25p EACH

15. Total holding following this notification
                                                                16. Total percentage holding of issued class following
                                                                this notification
    MR. J.E. DANIELS:     1,029
                                                                

                                                                                        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      22.     Total number of shares or debentures over which
    indication that price is to be fixed at time of            options held following this notification
    exercise
                                                                                       1,454,962
                              -


    23.     Any additional information                         24.     Name of contact and telephone number for queries

         THE DIRECTOR NOTIFIED THE COMPANY AS SOON AS HE            A.J. MICHIE, SECRETARY
    RECEIVED THE INFORMATION FROM THE REGISTRAR.
                                                                    020 7356 1043


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

         Date of notification 21 May, 2002                    A.J. MICHIE, SECRETARY


Company Announcements Office, Old Broad Street, London EC2N 1HP. 
Facsimile: 020 7588 6057 (PLEASE DO NOT POST)


    Enquiries: Company Monitoring and Enquiries; UK Listing Authority




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