Director Shareholding

Lloyds TSB Group PLC
29 May 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                                  29th May, 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, yesterday transferred 419,240 shares 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 4,159,207 shares held by the trust.

Mr. J.E. Daniels

Mr. P.B. Ellwood

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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