Director Shareholding

Lloyds TSB Group PLC
27 June 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
MR. PETER BRIAN ELLWOOD

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 a 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. Ellwood:                                              40,150

Mrs. Ellwood:                                         134,924

Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):           3,580

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

- Mr. Ellwood (General choice PEP);      588

-Mrs. Ellwood (General choice PEP):      588

     Non-beneficial

Peter B. Ellwood, Judith A. Ellwood and

Trevor George (trustees of the Peter and

Judy Ellwood grandchildren's settlement):      7,000



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
ACQUISITION OF SHARES ARISING FROM THE EXERCISE OF A SAVINGS-RELATED SHARE OPTION

7. Number of shares / amount of stock acquired
4,146



8. Percentage of issued class
MINIMAL





9. Number of shares/amount of stock disposed
N/A

10. Percentage of issued class
N/A

11. Class of security
ORDINARY SHARES OF 25p EACH

12. Price per share
416p

13. Date of transaction
24TH JUNE, 2002

14. Date company informed
27TH JUNE, 2002

15. Total holding following this notification
Mr. Ellwood:
44,296

Mrs. Ellwood:                                         134,924

(LTSBSSTL:                                              3,580

LB(PN)L:

- Mr. Ellwood (General choice PEP);      588

-Mrs. Ellwood (General choice PEP):      588

     Non-beneficial

Peter B. Ellwood, Judith A. Ellwood and

Trevor George (trustees of the Peter and

Judy Ellwood grandchildren's settlement):      7,000



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
N/A

18. Period during which or date on which exercisable
N/A





19. Total amount paid (if any) for grant of the option
N/A

20. Description of shares or debentures involved: class, number
N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
N/A

22. Total number of shares or debentures over which options held following this
notification
758,919

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
A.J. MICHIE, SECRETARY

Date of Notification
27TH JUNE, 2002

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.



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