Director Shareholding

Lloyds TSB Group PLC
18 June 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                                         ARCHIBALD GERARD KANE

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

                                                                 SEE APPENDIX
    SEE APPENDIX

5. Please state whether notification relates to a person(s)   6. Please state the nature of the transaction. For PEP
connected with the director named in 2 above and identify        transactions please indicate whether general/single co
the connected person(s)                                          PEP and if discretionary/non discretionary


         SEE APPENDIX                                                 SEE APPENDIX



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


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

ORDINARY SHARES OF 25p EACH   SEE APPENDIX                  SEE APPENDIX                  SEE APPENDIX


15. Total holding following this notification               16. Total percentage holding of issued class following this
                                                            notification
                       SEE APPENDIX
                                                                                      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          20.     Description of shares or debentures involved:
    option                                                       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 exercise     options held following this notification

                               -                                                         757,617




    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 June, 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


    APPENDIX

    LLOYDS TSB GROUP plc

    MR. A.G. KANE

                                    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. A.G. Kane:                                                 76,161

         Miss D.M. Muirhead (Mrs. Kane):                                   613

         Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):           2,501

         Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):

         - Mr. Kane: (Single company maxi ISA):                            871



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

    1,079 shares were allocated to LTSBSSTL for Mr. Kane, under the Lloyds TSB
    Group staff profit sharing scheme, and the appropriation amount relating to
    these shares was £7,995.39.

    Notices giving details were posted to participants in the staff profit
    sharing scheme by the trustee and the director notified the company within
    the five business days following his being made aware of the details.

    SECTION 15

    Total holding following this notification:

         Mr. A.G. Kane:                          76,161

         Miss D.M. Muirhead (Mrs. Kane):            613

         LTSBSSTL:                                3,580

         LTSBR(I)NL:

         - Mr. Kane: (Single company maxi ISA):     871



    A.J. Michie

    Secretary                    18th June, 2002




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