Director Shareholding

Lloyds TSB Group PLC
22 March 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 194,206
and 1,097 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 30,660,039 and 2,990,991 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.