Director/PDMR Shareholding

Lloyds TSB Group PLC
01 February 2007

The London Stock Exchange
RNS
10 Paternoster Square
London EC4M 7LS
                                                              1st February, 2007


Dear Sirs,

Lloyds TSB Group plc ordinary shares of 25p each

Notification of interests of directors

Hill Samuel Offshore Trust Company Limited, as trustee of the Lloyds TSB Group
employee share ownership trust, today transferred 52,956 ordinary shares of 25p
each in the capital of Lloyds TSB Group plc to an individual who had exercised a
share option granted under one of the group's employee share schemes.

The following directors, together with some 70,000 other employees, are
potential beneficiaries of the trust and are therefore to be treated as
interested in the remaining 1,085,355, shares held by the trust.

Sir Victor Blank

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 and transparency rules.

Yours faithfully,


A.J. Michie

Secretary




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