Director Shareholding-Replace

Lloyds TSB Group PLC
15 August 2003

THE FOLLOWING REPLACES THE DIRECTOR'S SHAREHOLDER ANNOUNCEMENT RELEASED ON 14
AUGUST, 2003 AT 16.19 UNDER RNS 7010O. UNDER SECTION 21 THE EXERCISE PRICE
SHOULD READ 430p NOT 4.30p AS PREVIOUSLY STATED. ALL OTHER DETAILS REMAIN
UNCHANGED. THE FULL AMENDED VERSION APPEARS BELOW

______________________________________________________________


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
JOHN ERIC DANIELS

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. J.E. Daniels:     1,029

Lloyds TSB Registrars Corporate Nominee Limited

AESOP1 account (LTSBRCNL AESOP1):      797



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. J.E. Daniels:      1,029

LTSBRCNL AESOP1:      797

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
14/08/2003

18. Period during which or date on which exercisable
14/08/2006 to 13/08/2013

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 - 305,232

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
430p

22. Total number of shares or debentures over which options held following this
notification
2,362,760





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 14TH AUGUST,
2006 AND 13TH AUGUST, 2013, OR EARLIER IN THE CIRCUMSTANCES DESCRIBED IN THE
OPTION SCHEMES

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
15TH AUGUST, 2003

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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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