Holding(s) in Company

Lloyds TSB Group PLC
09 March 2006

                                                              

Letter to Lloyds TSB Group Plc
Dated  8 March 2006

LLOYDS TSB GROUP PLC (THE "COMPANY")

This notification relates to the ordinary shares of the company (the "shares") 
and is given in fulfilment of the obligations imposed under section 198 
Companies Act 1985 (The "Act").

We hereby notify you that on 6 March 2006, Morgan Stanley Securities Limited
("MSSL") acquired an interest in the shares that resulted in our holding a total
of 217,790,102 shares, being approximately 3.89% of the issued share capital of 
the Company.

We have transferred from time to time 216,099,435 shares to a third party on
terms which give us the right to require the return of an equivalent number of 
shares.  Accordingly, our interest in 216,099,435 shares is pursuant to Section
208(5) of the Act.

MSSL is a member of the Morgan Stanley group of companies.  Those group 
companies which are direct or indirect holding companies of MSSL are, under the
terms of section 203 of the Companies Act 1985, each interested by attribution
in any shares in which MSSL is interested.

Letter from:  Morgan Stanley Securities Limited.





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