Director Shareholding

Lloyds TSB Group PLC
29 May 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
MICHAEL DAVID ROSS

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)
AS MENTIONED IN SECTION 2

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
732 shares were allocated to Lloyds TSB Registrars Corporate
Nominee Limited AESOP1 account (LTSBRCNL AESOP1) for Mr.
Ross under the Lloyds TSB Group Shareplan on 28th April,
2003 at 409.4p per share.

Notices giving details were posted to participants in the
Lloyds TSB Group Shareplan by the trustee and the director
notified the company within 5 business days following his
being made aware of the details.



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
N/A

10. Percentage of issued class
N/A

11. Class of security
ORDINARY SHARES OF 25p EACH

12. Price per share
SEE SECTION 6

13. Date of transaction
SEE SECTION 6

14. Date company informed
SEE SECTION 6

15. Total holding following this notification
MR. M.D. ROSS:                2,500

LTSBRCNL AESOP1:                732

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
1,345,838





23. Any additional information
-

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
29TH MAY, 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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