Director Shareholding

Lloyds TSB Group PLC
04 June 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
MR. ARCHIBALD GERALD KANE

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. A.G. Kane:     76,161

    Miss D.M. Muirhead (Mrs. Kane):       613

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

    Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):

     - Mr. Kane: (Single company maxi ISA):      894

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
1,285 shares held for Mr. Kane by LTSBSSTL were transferred
to him on 28th April, 2003. This was not a notifiable event
under the Companies Act, as there was no change in the
director's interest.

52 shares were purchased by LTSBR(I)NL on 7th May, 2003 at
427.0589p per share for Mr. Kane's single company maxi ISA.

LTSBR(I)NL notify investors by post of details relating to
changes affecting ISAs. The director was, therefore, not
aware of the change relating to the holding until some time
after the transaction. The director notified the company
today as soon as he received the information from LTSBR(I)
NL.

732 shares were allocated to Lloyds TSB Registrars Corporate
Nominee Limited AESOP1 account (LTSBRCNL AESOP1) for Mr.
Kane 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. A.G. Kane:     77,446

    Miss D.M. Muirhead (Mrs. Kane):       613

    LTSBSSTL:      2,295

    LTSBRCNL AESOP1:      732

    LTSBR(I)NL:

    - Mr. Kane: (Single company maxi ISA):      946




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
N/A





18. Period during which or date on which exercisable
N/A

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

20. Description of shares or debentures involved: class, number
N/A

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

22. Total number of shares or debentures over which options held following this
notification
1,288,348

23. Any additional information
N/A

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
4TH JUNE, 2003

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