Director Shareholding

Lloyds TSB Group PLC
9 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, today transferred 198,111 shares at prices ranging from 178p to
7l8p 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 2,395 shares
to certain of these individuals 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 108,281 and 1,829,011 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. 


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