Director Shareholding

Lloyds TSB Group PLC
28 June 2002



The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                            27th June, 2002


Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying employee share
ownership trust, today transferred 266,812 shares at prices ranging from 253p to
768p per share to individuals who had exercised share options granted under the
group's employee share schemes.

The following directors, together with some 75,000 other employees, are
potential beneficiaries of the trust and are therefore to be treated as
interested in the remaining 4,789,819 shares held by it.

Mr. J.E. Daniels

Mr. P.B. Ellwood

Mr. M.E. Fairey

Mr. P.R. Hampton

Mr. A.G. Kane

Mr. A.E. Moore

Mr. D.P. Pritchard

Mr. M.D. Ross

Mr. M.A. van den Bergh

This notification is made to comply with paragraph 16.13 of the listing rules.

Yours faithfully,



A.J. Michie

Secretary



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