Director Shareholding

Lloyds TSB Group PLC
16 May 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, was allotted 2,334,630 shares in Lloyds TSB
Group plc on 15th May, 2002 at 771p per share.

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 66,803
and 9,443 shares, respectively, at prices ranging from 162.5p 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 2,036 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 2,376,108 and 1,817,532 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. 
 
A J. Michie
Secretary
 
 
                      This information is provided by RNS
            The company news service from the London Stock Exchange