Director Shareholding

Lloyds TSB Group PLC
24 June 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                                24th June, 2003

Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

3,100,541 ordinary shares of 25p each in the capital of Lloyds TSB Group plc
were transferred from Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP2
(unallocated shares) to Lloyds TSB Registrars Corporate Nominee Limited a/c
AESOP3 (unallocated shares).

Hill Samuel ESOP Trustees Limited, as trustee of the Lloyds TSB Group Shareplan,
allocated 183,352 ordinary shares of 25p each in the capital of Lloyds TSB Group
plc to participants in Shareplan, to satisfy allocations of "matching shares" to
staff under Shareplan on 23rd June 2003 and accordingly, that number of shares
was transferred from the Lloyds TSB Registrars Corporate Nominee Limited a/c
AESOP3 (unallocated shares) to the Lloyds TSB Registrars Corporate Nominee
Limited a/c AESOP1 (allocated shares).

Additionally, 14,534 ordinary shares of 25p each in the capital of Lloyds TSB
Group plc were transferred from the Lloyds TSB Registrars Corporate Nominee
Limited a/c AESOP1 (allocated shares) to the Lloyds TSB Registrars Corporate
Nominee Limited a/c AESOP2 (unallocated shares) following the forfeiture of
shares, under the rules of Shareplan, by participants who have left the Group.

The following directors, together with some 80,000 other employees, are
potential participants in Shareplan and are, therefore, to be treated as
interested in the remaining 285,718 and 2,917,189 shares held by Lloyds TSB
Registrars Corporate Nominee Limited a/c AESOP2 and a/c AESOP3 (unallocated
shares) respectively.

                                Mr. P. G. E. Ayliffe


                                Mr. J.E. Daniels

                                Mr. M.E. Fairey

                                Mr. P.R. Hampton

                                Mr. A.G. Kane

                                Mr. D.P. Pritchard

                                Mr. M.D. Ross

                                Mr. S.C. Targett

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

Yours faithfully,

A.J. Michie

Secretary



                      This information is provided by RNS
            The company news service from the London Stock Exchange