Holding(s) in Company

Lloyds TSB Group PLC
23 March 2006



Letter to: Lloyds TSB Group Plc
Dated: 22 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 20 March 2006, Morgan Stanley Securities Limited
("MSSL") disposed of an interest in the shares with the result that MSSL, and  
the group companies which are direct or indirect holding companies of MSSL, no 
longer hold a notifiable interest in the shares in accordance with Section 198 
of the Companies Act 1985.

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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