Director Shareholding

Lloyds TSB Group PLC
18 April 2002


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

GAVIN JOHN NORMAN GEMMELL

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

HOLDING OF DIRECTOR

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

MR G.J.N. GEMMELL:                           10,000
SHARELINK NOMINEES LIMITED:                  20,000


5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

N/A


6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

HOLDING OF SHARES ON 17TH APRIL, 2002 (DATE OF APPOINTMENT AS A DIRECTOR)


7)  Number of shares/amount of
    stock acquired

N/A


8)   (N/A %)
    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

N/A


13) Date of transaction

N/A


14) Date company informed

17/04/2002


15) Total holding following this notification

MR G.J.N. GEMMELL:                      10,000
SHARELINK NOMINEES LIMITED:             20,000


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    18TH APRIL 2002                             

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