Director Shareholding

Lloyds TSB Group PLC
22 February 2001


Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying share
ownership trust, was allotted 30,828,220 shares in Lloyds TSB Group plc on 21st
February, 2001 at 652p per share.

In addition, Lloyds TSB Share Schemes Trustees Limited, as trustee of the TSB
Group employee trust, and Lloyds TSB Quest Limited, as trustee of the Lloyds TSB
qualifying share ownership trust, today transferred 8,205 and 54,617 shares,
respectively, to individuals who had exercised share options granted under the
group's employee share schemes.

The following directors, together with some 70,000 other employees, are
potential beneficiaries of the trusts and are therefore to be treated as
interested in the remaining 10,284 and 31,012,339 shares, respectively, held by
these trusts.

                         Mr. M.K. Atkinson
                         Mr. P.B. Ellwood
                         Mr. M.E. Fairey
                         Mr. D. Holt
                         Mr. A.G. Kane
                         Mr. A.E. Moore
                         Sir Brian Pitman
                         Mr. D.P. Pritchard
                         Mr. M.D. Ross
                         Mr. M.A. van den Bergh

This notification is made to comply with paragraph 16.13 of the listing rules.