Director Shareholding

Lloyds TSB Group PLC
28 June 2001

Lloyds TSB Group plc ordinary shares of 25p each 
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 324,843
and 6,888 shares, respectively, at prices ranging from 178p to 768p 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 9,485,962 and 2,236,386 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 
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.