Director Shareholding

Lloyds TSB Group PLC
14 May 2002

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP plc

2)  NAME OF DIRECTOR

    PROFESSOR EWAN BROWN

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 BELOW

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 BELOW

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 BELOW

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 BELOW

7)  Number of shares/amount of
    stock acquired

     SEE APPENDIX BELOW

8)   (N/A %)
    of issued Class  - MINIMAL



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 BELOW

13) Date of transaction


     SEE APPENDIX BELOW
14) Date company informed

     SEE APPENDIX BELOW

15) Total holding following this notification

     SEE APPENDIX BELOW

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



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    14 MAY 2002 

APPENDIX                            

LLOYDS TSB GROUP plc
PROFESSOR EWAN BROWN

                                    SCHEDULE 11
                   NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
 
SECTION 4
Names of registered holders and the number of shares held by each of them before
this notification;
 

 
Lloyds Bank (PEP Nominees) Limited (LB(PN)L):                            
- Professor Brown (General choice PEP)                                   385
- Mrs. Brown (General choice PEP)                                        385
- Professor Brown (Corporate PEP)                                        792
- Mrs. Brown (Corporate PEP)                                             796
Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):
- Professor Brown (Single company maxi ISA)                            1,044
 
SECTIONS 3, 5, 6, 7, 12, 13 AND 14

33 shares were purchased by LTSBR(I)NL on 1st May, 2002 at 788p per share for 
Professor Brown's single company maxi ISA.


23 shares were purchased by LB(PN)L on 9th May, 2002 at 775p per share for 
Professor Brown's corporate PEP and 22 shares were similarly purchased for 
Mrs Brown.

LTSBR(I)NL and LB(PN)L notify investors by post of details relating to changes 
affecting ISAs and personal equity plans. The director was, therefore, not aware 
of the changes relating to the holdings until some time after the transactions.
The director notified the company today as soon as he received the information 
from LTSBR(I)NL and the PEP manager.

SECTION 15

Total holding following this notification:
 

LB(PN)L:
- Professor Brown (General choice PEP)                385
- Mrs. Brown (General choice PEP)                     385
- Professor Brown (Corporate PEP)                     815
- Mrs. Brown (Corporate PEP)                          818
 LTSBR(I)NL:
- Professor Brown (Single company maxi ISA)         1,077
 

 
Secretary
14 May, 2002



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