Director/PDMR Shareholding

Lloyds TSB Group PLC
03 May 2006


The London Stock Exchange
RNS
10 Paternoster Square
London
EC4M 7LS                                                           3rd May, 2006


Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors


On 28th April, 2005, Hill Samuel ESOP Trustees Limited, as trustee of the Lloyds
TSB Group Shareplan, allocated 7,725,195 ordinary shares of 25p each in the
capital of Lloyds TSB Group plc, to participants in that share plan at 528.3p
per share, to satisfy the award of "free shares" under the plan. These shares
were registered in the name of Lloyds TSB Registrars Corporate Nominee Limited 
a/c AESOP2 (unallocated shares), the share plan nominee company.

Following the above transaction, Lloyds TSB Registrars Corporate Nominee Limited
a/c AESOP2 holds no shares in Lloyds TSB Group plc. The following directors,
together with some 77,000 other employees, are potential participants in
Shareplan and were, therefore, treated as being interested in the above
transaction.

Mr. J.E. Daniels
Ms. T.A. Dial
Mr. M.E. Fairey
Mr. A.G. Kane
Mr. G.T Tate
Mrs. H.A. Weir

This notification is made to comply with paragraph 3.1.4(R)(1)(b) of the
disclosure rules.

Yours faithfully,

        A.J. Michie
        Secretary


   Lloyds TSB Group plc is registered in Scotland no. 95000
   Registered Office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH.


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