Director Shareholding

Lloyds TSB Group PLC
06 May 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                                    6th May 2003

Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

On 1st May, 2003 Lloyds TSB Quest Limited, as trustee of the Lloyds TSB
qualifying employee share ownership trust, was allotted 3,255,813 ordinary
shares of 25p each in Lloyds TSB Group plc at 430p per share and 2,282,282
ordinary shares of 25p each in Lloyds TSB Group plc at 416.25p per share.

The following directors, together with some 80,000 other employees, are
potential beneficiaries of the trust and are therefore to be treated as
interested in the remaining 5,627,090 shares held by the trust.

Mr. J.E. Daniels

Mr. P.B. Ellwood

Mr. M.E. Fairey

Mr. P.R. Hampton

Mr. A.G. Kane

Mr. D.P. Pritchard

Mr. M.D. Ross

Mr. S.C. Targett

Mr. M.A. van den Bergh

This notification is made to comply with paragraph 16.13 of the listing rules.

Yours faithfully,

A.J. Michie

Secretary










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