Director/PDMR Shareholding

Lloyds TSB Group PLC
10 August 2007


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)      An issuer making a notification in respect of a transaction relating to the shares or debentures of
         the issuer should complete boxes 1 to 16, 23 and 24.
(2)      An issuer making a notification in respect of a derivative relating to the shares of the issuer
         should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.
(3)      An issuer making a notification in respect of options granted to a director/person discharging
         managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)      An issuer making a notification in respect of a financial instrument relating to the shares of the
         issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes in block capital letters.



1. Name of the issuer


LLOYDS TSB GROUP plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)


NOTIFICATION RELATES TO (i)

3. Name of person discharging managerial responsibilities/director


ANGELA SUSAN RISLEY

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person


SEE SECTION 8

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest


SEE SECTION 8

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares


ORDINARY SHARES OF 25p EACH

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them


-

8 State the nature of the transaction


On 9th August, 2007 a conditional award of 123,893 shares was made under the
Lloyds TSB long-term incentive plan 2006, at 565p per share.  The actual number
of shares, if any, to be received, in due course, will be determined in
accordance with the rules of the plan.

9. Number of shares, debentures or financial instruments relating to shares
acquired


SEE SECTION 8

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)


MINIMAL

11. Number of shares, debentures or financial instruments relating to shares
disposed


N/A

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)


N/A

13. Price per share or value of transaction


SEE SECTION 8

14. Date and place of transaction


THE TRANSACTION MENTIONED IN SECTION 8 TOOK PLACE IN THE UK AND THE SHARES ARE
LISTED ON THE LONDON STOCK EXCHANGE.

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)


Lloyds TSB long-term incentive plan                  123,893


PERCENTAGE HOLDING IS MINIMAL



16. Date issuer informed of transaction


9TH AUGUST, 2007



If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes



17 Date of grant


-

18. Period during which or date on which it can be exercised


-

19. Total amount paid (if any) for grant of the option


-

20. Description of shares or debentures involved (class and number)


-

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise


-

22. Total number of shares or debentures over which options held following
notification


47,332



23. Any additional information


-

24. Name of contact and telephone number for queries


MR. M.R. HATCHER, DEPUTY SECRETARY                   020 7356 2108



Name and signature of duly authorised officer of issuer responsible for making
notification


MR. M.R. HATCHER, DEPUTY SECRETARY


Date of notification    10TH AUGUST, 2007



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