Director Shareholding

Lloyds TSB Group PLC
19 August 2002


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                              16th August, 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 55,678 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 4,027,384 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,





Michael Hatcher

Deputy Secretary








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