Result of AGM

Lloyds TSB Group PLC
18 April 2002

                                                                 18th April 2002

NEWS RELEASE

                              LLOYDS TSB GROUP PLC
                             ANNUAL GENERAL MEETING

  At the annual general meeting, held on 17th April, 2002, all the resolutions
           were passed and the results of the polls were as follows:
Resolution                                                            For                         Against

1. Receiving                                            2,493,914,143 shares             2,628,237 shares
the report and accounts

2. Election of directors
(a) Mr J E Daniels                                      2,423,022,188 shares             37,377,960 shares
(b) Mr G J N Gemmell                                    2,419,040,497 shares             7,376,570 shares
(c) Dr D S Julius                                       2,501,362,538 shares             8,277,612 shares

3. Re-election of directors
(a) Mr M E Fairey                                       2,503,429,300 shares             6,882,056 shares
(b) Dr C S Gibson-Smith                                 2,420,619,487 shares             40,726,081 shares
(c) Dr T F W McKillop                                   2,419,654,515 shares             40,836,673 shares
(d) The Earl of Selborne                                2,484,259,794 shares             25,208,651 shares

4. Re-appointment of the auditors                       2,380,226,896 shares             92,004,873 shares

5. Directors' authority to set the remuneration of      2,468,790,394 shares             3,450,353 shares
the auditors

6. Directors' authority to allot shares                 2,421,847,354 shares             38,832,593 shares

7. Directors' power to issue shares for cash            2,501,292,035 shares             9,037,514 shares

8. Authority for the company to purchase its            2,501,071,591 shares             8,062,447 shares
shares

9. Authority relating to the Political Parties,
Elections and Referendums Act
(a) Lloyds TSB Group plc                                2,142,845,239 shares             81,976,631 shares
(b) Lloyds TSB Bank plc                                 2,142,264,159 shares             82,227,171 shares
(c) Lloyds TSB Scotland plc                             2,142,205,800 shares             82,288,101 shares
(d) Scottish Widows plc                                 2,142,077,819 shares             82,401,869 shares
(e) Cheltenham & Gloucester plc                         2,142,196,098 shares             82,261,084 shares
(f) Lloyds TSB Asset Finance Division Limited           2,143,048,393 shares             82,104,281 shares

On 17th April, 2002 there were 5,564,656,887 shares in issue.

                                     -ENDS-



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