Director/PDMR Shareholding

Lloyds TSB Group PLC
25 May 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
N/A

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
N/A

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
N/A

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

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

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
N/A

14. Date and place of transaction

THE TRANSACTIONS TOOK PLACE ON 23RD MAY, 2007 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)
-


PERCENTAGE HOLDING IS MINIMAL



16. Date issuer informed of transaction
 24TH MAY, 2007 - THE DATE ON WHICH THE DEEDS OF GRANT WERE EXECUTED



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



17 Date of grant
23RD MAY, 2007

18. Period during which or date on which it can be exercised
SEE SECTION 20.

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

20. Description of shares or debentures involved (class and number)
ORDINARY SHARES OF 25p EACH - 23,666 - EXERCISABLE 24TH MAY, 2008 TO 23RD NOVEMBER, 2008 OR EARLIER IN CERTAIN
EXCEPTIONAL CIRCUMSTANCES

ORDINARY SHARES OF 25p EACH - 23,666 - EXERCISABLE 24TH MAY, 2009 TO 23RD NOVEMBER, 2009 OR EARLIER IN CERTAIN
EXCEPTIONAL CIRCUMSTANCES





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

22. Total number of shares or debentures over which options held following
notification
47,332

23. Any additional information

THE OPTIONS WERE GRANTED TO MRS RISLEY UNDER THE LLOYDS TSB GROUP EXECUTIVE
SHARE PLAN 2003 TO FACILITATE HER RECRUITMENT. THE OPTIONS DO NOT CONSTITUTE
EXECUTIVE SHARE OPTIONS OF THE KIND MENTIONED IN PARAGRAPH B.1.2 OF THE COMBINED
CODE ON CORPORATE GOVERNANCE.

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    25TH MAY, 2007




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