Holding(s) in Company

Lloyds TSB Group PLC
5 April 2002



LETTER TO LLOYDS TSB GROUP PLC - DATED 2 APRIL 2002

Companies Act 1985 - Disclosure of Interest in shares
-----------------------------------------------------

Consequent upon a purchase in the market of 300,000 shares on the 28 March 2002, 
we now hold the following number of shares which are not subject to a concert 
party and will be registered as follows:
 
Material Interest
-----------------
HSBC Global Custody Nominee (UK) Ltd A/c 775180            375,000
HSBC Global Custody Nominee (UK) Ltd A/c 775229            207,940
HSBC Global Custody Nominee (UK) Ltd A/c 886603         11,506,912
HSBC Global Custody Nominee (UK) Ltd A/c 775245         25,432,893
HSBC Global Custody Nominee (UK) Ltd A/c 361602             41,000   
HSBC Global Custody Nominee (UK) Ltd A/c 754612            819,734
HSBC Global Custody Nominee (UK) Ltd A/c 766793             94,787   
HSBC Global Custody Nominee (UK) Ltd A/C 252605          3,369,081
HSBC Global Custody Nominee (UK) Ltd A/c 360509          4,039,504
HSBC Global Custody Nominee (UK) Ltd A/C 770286            719,797
HSBC Global Custody Nominee (UK) Ltd A/c 357206        114,829,301
HSBC Global Custody Nominee (UK) Ltd A/c 130007            875,165
HSBC Global Custody Nominees(UK) Ltd A/c 904332            471,600
HSBC Global Custody Nominee (UK) Ltd A/c 866203          4,158,500
                                                       -----------   ------
                                                       166,941,214    3.00%
                                                       ===========   ======

Please note that this percentage is based on our understanding that your issued 
share capital is 5,564,234,791.

LETTER FROM LEGAL AND GENERAL INVESTMENT MANAGEMENT


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