Director Shareholding

Lloyds TSB Group PLC
21 February 2002


Lloyds TSB Group plc ordinary shares of 25p each 
Notification of interests of directors  


Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying employee share 
ownership trust, today transferred 107,808 shares at prices ranging from 161p to 
768p per share to individuals who had exercised share options granted under the 
group's employee share schemes.

In addition, Hill Samuel Offshore Trust Company Limited, as trustee of the
Lloyds TSB Group employee share ownership trust, today transferred 706 shares to
certain of these individuals to compensate them for the special dividend
of 68.3p per share which was paid to former TSB Group plc shareholders in 1996
following the merger with Lloyds Bank Plc, but which was not paid to
optionholders.

The following directors, together with some 73,000 other employees, are
potential beneficiaries of the trusts and are therefore to be treated as
interested in the remaining 1,611,565 and 1,938,307 shares, respectively, held 
by these trusts.

                         Mr. M.K. Atkinson
                         Mr. J.E. Daniels
                         Mr. P.B. Ellwood 
                         Mr. M.E. Fairey
                         Mr. A.G. Kane
                         Mr. A.E. Moore
                         Mr. D.P. Pritchard
                         Mr. M.D. Ross
                         Mr. M.A. van den Bergh


This notification is made to comply with paragraph 16.13 of the listing rules. 


                      This information is provided by RNS
            The company news service from the London Stock Exchange