Director Shareholding

Lloyds TSB Group PLC
4 May 2004


                       SCHEDULE 11

     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED 
                        PERSONS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC


2)  NAME OF DIRECTOR

    HELEN ALISON WEIR


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 an non-beneficial interest

    HOLDING OF DIRECTOR    


4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)




5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A


6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    N/A


7)  Number of shares/amount of
    stock acquired

    N/A


8)  Percentage of issued Class

    N/A


9)  Number of shares/amount
    of stock disposed

    N/A


10) Percentage of issued Class

    N/A


11) Class of security

    N/A


12) Price per share

    N/A


13) Date of transaction

    N/A


14) Date company informed

    N/A


15) Total holding following this notification




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

    29TH APRIL 2004


18) Period during which or date on which exercisable

    29/04/2007 TO 28/04/2014


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

    NIL


20) Description of shares or debentures involved: class, number.

    ORDINARY SHARES OF 25P - 556,208


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

    424.75P


22) Total number of shares or debentures over which options held
    following this notification

    556,208


23) Any additional information

    THE ACTUAL NUMBER OF SHARES TO BE ACQUIRED WILL DEPEND ON THE COMPANY'S
    RANKING WITHIN A PEER GROUP.  THE OPTIONS MAY BECOME EXERCISABLE BETWEEN 
    29TH APRIL, 2007 AND 28TH APRIL, 2014, OR EARLIER IN THE CIRCUMSTANCES
    DESCRIBED IN THE OPTION SCHEMES.


24) Name of contact and telephone number for queries

    A J MICHIE
    020 7356 1043


25) Name and signature of authorised company official responsible for
    making this notification


    Date of Notification      29TH APRIL 2004



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