Director Shareholding

Lloyds TSB Group PLC
22 August 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP                                                22nd August, 2003

Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

Hill Samuel ESOP Trustees Limited, as trustee of the Lloyds TSB Group Shareplan,
allocated 185,970 ordinary shares of 25p each and 23,985 ordinary shares of 25p
each in the capital of Lloyds TSB Group plc to participants in Shareplan, to
satisfy allocations of "matching shares" and "free shares" respectively to staff
under Shareplan on 20th August 2003 and accordingly, those shares were
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, 34,253 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 347,866 and 2,523,473 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,

M. R. Hatcher

Deputy Secretary

















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