Director Shareholding

Lloyds TSB Group PLC
21 August 2002


                                                              Secretary's Department  Direct line: 020 7356 2014

                                                              71 Lombard Street       Network: 7-400 2014

                                                              London                  Switchboard: 020 7626 1500

                                                              EC3P 3BS                Facsimile: 020 7929 2901

                                                                                      Facsimile: 020 7356 1038

The London Stock Exchange                                     20 August, 2002

Old Broad Street

London EC2N 1HP



Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

The company has been advised today that a transfer of 65,854 shares from Hill
Samuel Offshore Trust Company Limited, as trustee of the Lloyds TSB Group
employee share ownership trust, at 757p per share, was registered on 16th August
2002.

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 1,736,288 shares held by Hill Samuel Offshore Trust
Company Limited.

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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