Director Shareholding

Lloyds TSB Group PLC
07 January 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
MICHAEL KENT ATKINSON

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
SEE SECTION 6

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. Atkinson:      3,331

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

Perry Nominees Limited (PNL):     77,282

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

- Mr. Atkinson (General choice PEP)      3,430

- Mrs. Atkinson (General choice PEP)      2,679

Boltro Nominees Limited (BNL):

- Mr. Atkinson (Sharelect ISA):      3,092


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
SEE SECTION 6

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
866 shares were transferred from Mr. Atkinson to Boltro Nominees Limited 
regarding his sharelect ISA on 14th June, 2002. This was not a notifiable event 
under the Companies Act, as there was no change in the director's interest.

Also see box 23 below.



7. Number of shares / amount of stock acquired
SEE SECTION 6

8. Percentage of issued class
MINIMAL



9. Number of shares/amount of stock disposed
SEE SECTION 6



10. Percentage of issued class
MINIMAL

11. Class of security
ORDINARY SHARES OF 25p

12. Price per share
-

13. Date of transaction
SEE SECTION 6

14. Date company informed
7TH JANUARY, 2003

15. Total holding following this notification

Mr. Atkinson:  2,465

LTSBSSTL:  3,580

PNL:  77,282

LB(PN)L:

- Mr. Atkinson (General choice PEP)   3,430

- Mrs. Atkinson (General choice PEP)  2,679

BNL:

- Mr. Atkinson (Sharelect ISA):   3,958


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
-

18. Period during which or date on which exercisable
-

19. Total amount paid (if any) for grant of the option
-



20. Description of shares or debentures involved: class, number
-

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

22. Total number of shares or debentures over which options held following this
notification
765,943

23. Any additional information
NOTICE RECEIVED TODAY OF INSTRUCTIONS GIVEN FOR THE CLOSURE OF TWO "SHARESAVE" 
ACCOUNTS, RESULTING IN THE LAPSING OF 2,161 SHARE OPTIONS UNDER THE LLOYDS TSB 
GROUP SHARESAVE SCHEME 1997.

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
7TH JANUARY, 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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