Director Shareholding

Lloyds TSB Group PLC
21 December 2004


                                                    Secretary's Department

                                                    25 Gresham Street               Direct line: 020 7356 2108

                                                    London                          Network: 7-400 2108

                                                    EC2V 7HN                        Switchboard: 020 7626 1500

                                                                                    Facsimile: 020 7356 1038

                                                                                    Network Fax: [phone]

                                                                                    Email: mike.hatcher @lloydstsb.co.uk


The London Stock Exchange

RNS

10 Paternoster Square

London

EC4M 7LS

                                                                                    21st December, 2004





Dear Sirs

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

Hill Samuel ESOP Trustees Limited, as trustee of the Lloyds TSB Group Shareplan,
transferred 43,665 ordinary shares of 25p each in the capital of Lloyds TSB
Group plc from Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP1
(allocated shares) to Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP2
(unallocated shares), following the forfeiture of shares, under the rules of
Shareplan, by participants who have left the group.

The following directors, together with some 77,000 other employees, are
potential participants in Shareplan and are, therefore, to be treated as
interested in the 471,989 shares held by Lloyds TSB Registrars Corporate Nominee
Limited a/c AESOP2 (unallocated shares).

Mr. P.G. Ayliffe

Mr. J.E. Daniels

Mr. M.E. Fairey

Mr. A.G. Kane

Mr. D.P. Pritchard

Mr. G.T. Tate

Mrs. H.A. Weir

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

Yours faithfully




        M.R. Hatcher

        Deputy Secretary



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