Director Shareholding

Lloyds TSB Group PLC
22 April 2004







The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP

                                                                22nd April, 2004




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 214,143 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 20th April 2004. Accordingly, these shares were
transferred from Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP3
(unallocated shares) to Lloyds TSB Registrars Corporate Nominee Limited a/c
AESOP1 (allocated shares).

Additionally, 28,276 ordinary shares of 25p each in the capital of Lloyds TSB
Group plc were transferred from Lloyds TSB Registrars Corporate Nominee Limited
a/c AESOP1 (allocated shares) to 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 77,000 other employees, are
potential participants in Shareplan and are, therefore, to be treated as
interested in the remaining 574,688 and 896,886 shares held by Lloyds TSB
Registrars Corporate Nominee Limited a/c AESOP2 and a/c AESOP3 (unallocated
shares) respectively.

                    Mr. P.G. Ayliffe

Mr. J.E. Daniels

Mr. M.E. Fairey

Mr. A.G. Kane

Mr. D.P. Pritchard

Mr. S.C. Targett

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

Yours faithfully,



        A.J. Michie

        Secretary



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