Director Shareholding

Lloyds TSB Group PLC
10 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                                         MICHAEL KENT ATKINSON


    3. Please state whether notification indicates that          4. Name of the registered holder(s) and, if more
    it is in respect of holding of the shareholder named in      than one holder, the number of shares held by each of
    2 above or in respect of a non-beneficial interest or in     them (if notified)
    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
         SEE APPENDIX


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

    SEE APPENDIX                                                                      SEE APPENDIX


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

         SEE APPENDIX                     MINIMAL                 N/A                                   N/A


11. Class of security          12. Price per share           13. Date of transaction       14. Date company informed
                                                                                    
    ORDINARY SHARES OF 25p          SEE APPENDIX                    SEE APPENDIX                   SEE APPENDIX
    EACH

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 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 exercise     options held following this notification

                               -                                                         768,104


    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 10th 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. M.K. ATKINSON



                                      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. Atkinson:      2,465

     Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):      3,367

     Perry Nominees Limited (PNL):     77,282

     Lloyds Bank (PEP Nominees) Limited (LB(PN)L):

     - Mr. Atkinson (General choice PEP)      3,430

     - Mrs. Atkinson (General choice PEP)      2,679

     Boltro Nominees Limited (BNL):

     - Mr. Atkinson (Sharelect ISA):      3,092



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

866 shares held for Mr. Atkinson 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.

1,079 shares were allocated to LTSBSSTL for Mr. Atkinson, 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. Atkinson:       3,331

     LTSBSSTL:      3,580

     PNL:     77,282

     LB(PN)L:

     - Mr. Atkinson (General choice PEP)      3,430

     - Mrs. Atkinson (General choice PEP)      2,679

     BNL:

     - Mr. Atkinson (Sharelect ISA):                          3,092



A.J. Michie

Secretary          10th June, 2002



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