AGM Statement

Lloyds TSB Group PLC
11 May 2006


51/06     11 May 2006


Lloyds TSB Group Annual General Meeting Statement


Lloyds TSB Group is holding its annual general meeting in Glasgow today (11 May
2006). Mr Maarten van den Bergh will stand down at the end of this AGM, after
five years as Chairman. As previously announced, he will be succeeded by Sir
Victor Blank, who joined the Board on 1 March.

The following is an extract from the statement made by Eric Daniels, Group Chief
Executive:

"In the first few months of 2006 the Group has maintained good progress in the
delivery of its growth strategies. As a result, we are confident that we will
deliver a satisfactory performance for the half-year.

As this is the last AGM under the Chairmanship of Maarten van den Bergh, I am
taking this opportunity to record my appreciation of his major contribution to
the Group over the past five years. He has been a wonderful ambassador for the
Group and we wish him every success in this next stage of his career.

We are also delighted to welcome Sir Victor Blank to the Board, who will succeed
Maarten as our new Chairman following this meeting. Sir Victor brings
exceptional skills and knowledge, and his blend of retailing and financial
services experience will be invaluable to the Group."


For further information:-

Investor Relations
Michael Oliver     [phone]
Director of Investor Relations
E-mail: [e-mail]

Media
Mary Walsh     [phone]
Director of Corporate Relations
E-mail: [e-mail]



                           FORWARD LOOKING STATEMENTS

This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds TSB Group and its current goals and
expectations relating to its future financial condition and performance.
Statements that are not historical facts, including statements about Lloyds TSB
Group's or management's beliefs and expectations, are forward looking
statements. By their nature, forward looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. Lloyds TSB Group's actual future results may differ
materially from the results expressed or implied in these forward looking
statements as a result of a variety of factors, including UK domestic and global
economic and business conditions, risks concerning borrower credit quality,
market related risks such as interest rate risk and exchange rate risk in its
banking businesses and equity risk in its insurance businesses, inherent risks
regarding changing demographic developments, catastrophic weather and similar
contingencies outside Lloyds TSB Group's control, any adverse experience in
inherent operational risks, any unexpected developments in regulation or
regulatory actions, changes in customer preferences, competition, industry
consolidation, acquisitions and other factors. For more information on these and
other factors, please refer to Lloyds TSB Group's Annual Report on Form 20-F
filed with the US Securities and Exchange Commission and to any subsequent
reports furnished by Lloyds TSB Group to the US Securities and Exchange
Commission or to the London Stock Exchange. The forward looking statements
contained in this announcement are made as of the date hereof, and Lloyds TSB
Group undertakes no obligation to update any of its forward looking statements.


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