Director Shareholding

Lloyds TSB Group PLC
28 February 2002


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 50,839 
and 36,250 shares, respectively, at prices ranging from 253p to 768p per share 
to individuals who had exercised share options granted under the group's 
employee share schemes.

In addition, Hill Samuel Offshore Trust Company Limited, as trustee of The 
Lloyds TSB Group employee share ownership trust, today transferred 4,543 shares 
to individuals who had exercised share options granted under the group's 
employee share schemes to compensate them for the special dividend of 68.3p per 
share which was paid to former TSB Group plc shareholders in 1996, following the 
merger with Lloyds Bank Plc, but which was not paid to optionholders.

The following directors, together with some 73,000 other employees, are 
potential beneficiaries of the trusts and are therefore to be treated as 
interested in the remaining 1,560,726 and 1,897,514 shares, respectively, 
held by these trusts.

Mr. M.K. Atkinson
Mr. J.E. Daniels
Mr. P.B. Ellwood
Mr. M.E. Fairey
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. 


                      This information is provided by RNS
            The company news service from the London Stock Exchange