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 EDWARD FAIREY

 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 than
    above or in respect of a non-beneficial interest or       one holder, the number of shares held by each of them (if
    in the case of an individual holder if it is a            notified)
    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     6.     Please state the nature of the transaction. For PEP
    person(s) connected with the director named in 2          transactions please indicate whether general/single co PEP
    above and identify the connected person(s)                and if discretionary/non discretionary



         SEE APPENDIX                                              SEE APPENDIX




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


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

    ORDINARY SHARES                   SEE APPENDIX                 SEE APPENDIX                  SEE APPENDIX

    OF 25p EACH

15. Total holding following this notification
                                                              16. Total percentage holding of issued class following
                                                              this
    SEE APPENDIX
                                                              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)       22.     Total number of shares or debentures over which
    or indication that price is to be fixed at time of       options held following this notification
    exercise
                                                                                       793,242
                             -


    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.E. FAIREY

                                      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. Fairey:          68,740

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

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

                  - Mr. Fairey (Single company maxi ISA):           3,007







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

        866 shares were transferred from Mr. Fairey to his Lloyds TSB single
        company maxi ISA on 9th May, 2002. This was not notifiable under the
        Companies Act, as there was no change in the directors interest.

        1,079 shares were allocated to LTSBSSTL for Mr. Fairey, 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. Fairey:          67,874

                  LTSBSSTL:           3,580

                  LTSBR(I)NL:

                  - Mr. Fairey (Single company maxi ISA):           3,873




        A.J. Michie

        Secretary          10th June, 2002




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