Director Shareholding

Lloyds TSB Group PLC
5 April 2001


Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying employee share
ownership trust, and Hill Samuel Offshore Trust Company Limited, as trustee of
the Lloyds TSB Group employee share ownership trust, today transferred 27,820
and 2,541 shares, respectively, at prices ranging from 156p to 632p per share 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 30,605,753 and 2,984,295 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.