Director Shareholding

Lloyds TSB Group PLC
12 August 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

LLOYDS TSB GROUP plc

2. Name of director

GEORGE TRUETT TATE

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 a 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)

Mr. G.T. Tate:

Lloyds TSB Registrars Corporate Nominee Limited

AESOP1 account (LTSBRCNL AESOP1):                     701


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

Mr. G.T. TATE:

LTSBRCNL AESOP1:                701


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

12TH AUGUST, 2004

18. Period during which or date on which exercisable

12/08/2007 TO 11/08/2014

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 - 195,409

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

403p

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

812,582

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 12TH AUGUST,
2007 AND 11TH AUGUST, 2014, OR EARLIER IN THE CIRCUMSTANCES DESCRIBED IN THE
OPTION SCHEME RULES.

24. Name of contact and telephone number for queries

M.R. HATCHER, DEPUTY SECRETARY               020 7356 2108

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

M.R. HATCHER, DEPUTY SECRETARY

Date of Notification

12TH AUGUST, 2004

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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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