Director Shareholding

Lloyds TSB Group PLC
22 June 2004

The London Stock Exchange
RNS
10 Paternoster Square
London
EC4M 7LS
                                                                 22nd June, 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,
transferred 57,882 ordinary shares of 25p each in the capital of Lloyds TSB
Group plc 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 103,736 shares held by Lloyds TSB Registrars Corporate Nominee
Limited a/c AESOP2 (unallocated shares).

Mr. P.G. Ayliffe

Mr. J.E. Daniels

Mr. M.E. Fairey

Mr. A.G. Kane

Mr. D.P. Pritchard

Mrs. H.A. Weir

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

Yours faithfully



        A J Michie

        Secretary


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