Director Shareholding

Lloyds TSB Group PLC
13 June 2003


The London Stock Exchange
RNS
Old Broad Street
London EC2N 1HP
                                                                 13th 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 (QUEST), yesterday transferred 61,090 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.

3,100,541 ordinary shares of 25p each in the capital of Lloyds TSB Group plc
were transferred from Lloyds TSB Quest Limited to Lloyds TSB Registrars
Corporate Nominee Limited a/c AESOP2 (unallocated shares) in its capacity as
nominee of Hill Samuel ESOP Trustees Limited, the trustee of the Lloyds TSB
Group Shareplan.

Additionally, 21,352 ordinary shares of 25p each in the capital of Lloyds TSB
Group plc were transferred from Lloyds TSB Registrars Corporate Nominee Limited
a/c AESOP1 (shares allocated to participants) to Lloyds TSB Registrars Corporate
Nominee Limited a/c AESOP2 (unallocated shares), following the forfeiture of
shares by participants in the Lloyds TSB Group Shareplan who have left the
Group, under the rules of the Scheme.

The following directors, together with some 80,000 other employees, are
potential beneficiaries of the QUEST and potential participants in the Shareplan
and are therefore to be treated as interested in the remaining 913,350 shares
held by the QUEST and 3,371,725 unallocated shares held by Lloyds TSB Registrars
Corporate Nominee Limited a/c AESOP2 for the Shareplan.
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 (in relation to the Lloyds TSB qualifying
        employee share ownership trust only)

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

Yours faithfully,

 A.J. Michie

Secretary


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