Director Shareholding

Lloyds TSB Group PLC
07 August 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                                7th August, 2003


Dear Sirs

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying employee share
ownership trust, today transferred 46,374 ordinary shares of 25p each in the
capital of Lloyds TSB Group plc at prices ranging from 253p to 768p per share to
individuals who had exercised share options granted under the group's employee
share schemes.

Hill Samuel Offshore Trust Company Limited, as trustee of the Lloyds TSB Group
employee share ownership trust, has transferred 48,192 shares to an individual
who had exercised a share option under the group's executive share option
scheme. In addition, that company today transferred 15,463 shares to the
individual to compensate him for the special dividend of 68.3p per share which
was paid to Lloyds TSB Group shareholders in 1996, following the merger with
Lloyds Bank Plc, but which was not paid to optionholders.

The following directors, together with some 80,000 other employees, are
potential beneficiaries of the trusts and are therefore to be treated as
interested in the remaining 520,174 and 1,609,602 shares respectively held by
the trusts.

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
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



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

RDSUBVSROKRWRAR