Director Shareholding

Lloyds TSB Group PLC
05 September 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
MR. GAVIN JOHN NORMAN GEMMELL

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. G.J.N. Gemmell:           10,000

Sharelink Nominees Limited:          20,000





5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
SHARELINK NOMINEES LIMITED

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

7. Number of shares / amount of stock acquired
20,000

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
545.44p

13. Date of transaction
5TH SEPTEMBER, 2002

14. Date company informed
5TH SEPTEMBER, 2002

15. Total holding following this notification


Mr. G.J.N. Gemmell:           10,000

Sharelink Nominees Limited:          40,000





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
N/A

23. Any additional information
N/A

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
5TH SEPTEMBER, 2002

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