Director Shareholding

Lloyds TSB Group PLC
11 March 2005


The London Stock Exchange
RNS
10 Paternoster Square
London EC4M 7LS
                                                             11th March, 2005


Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

On 4th March, 2005 Hill Samuel Offshore Trust Company Limited, as trustee of the
Lloyds TSB Group employee share ownership trust, transferred 216,763 ordinary
shares in Lloyds TSB Group plc to Mr. J.E. Daniels under the Lloyds TSB Group
plc share retention plan. Details of Mr. Daniels' interest in the shares were
given in the schedule 11 notification of interests of directors and connected
persons made on 7th March.

The company's registrar, which handles certain administrative arrangements for
the trust, has just notified the company of the transfer.

The following directors, together with some 77,000 other employees, are
potential beneficiaries of the trust and are therefore to be treated as
interested in the remaining 1,237,191 shares held by the trust.

Mr. J.E. Daniels
Mr. M.E. Fairey
Mr. A.G. Kane
Mr. D.P. Pritchard
Mr. G.T. Tate
Mr. M.A. van den Bergh
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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