Director Shareholding

Lloyds TSB Group PLC
26 June 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                                26th June, 2003

Dear Sirs

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 73,634 ordinary shares of 25p each in the
capital of Lloyds TSB Group plc at prices ranging from 253p to 580p per share to
individuals who had exercised share options granted under the group's employee
share schemes.

The following directors, together with some 80,000 other employees, are
potential beneficiaries of the trust and are therefore to be treated as
interested in the remaining 744,097 shares held by the trust.



                                Mr. P G. E. Ayliffe


                                Mr. J.E. Daniels

                                Mr. M.E. Fairey

                                Mr. P.R. Hampton

                                Mr. A.G. Kane

                                Mr. D.P. Pritchard

                                Mr. M.D. Ross

                                Mr. S.C. Targett

                                Mr. M.A. van den Bergh



This notification is made to comply with paragraph 16.13 of the listing rules.

Yours faithfully,

A.J. Michie

Secretary












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