Director Shareholding

Lloyds TSB Group PLC
24 May 2004


The London Stock Exchange
RNS
Old Broad Street
LONDON
EC2N 1HP
                                                                24th May, 2004



Dear Sirs


Lloyds TSB Group plc ordinary shares of 25p each
Notification of interests of directors

Hill Samuel ESOP Trustees Limited, as trustee of the Lloyds TSB Group Shareplan,
transferred 45,854 ordinary shares of 25p each in the capital of Lloyds TSB
Group plc from Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP1
(allocated shares) to Lloyds TSB Registrars Corporate Nominee Limited a/c AESOP2
(unallocated shares), following the forfeiture of shares, under the rules of
Shareplan, by participants who have left the group.

The following directors, together with some 77,000 other employees, are
potential participants in Shareplan and are, therefore, to be treated as
interested in the 45,854 shares held by Lloyds TSB Registrars Corporate Nominee
Limited a/c AESOP2 (unallocated shares).

Mr. P.G. Ayliffe
Mr. J.E. Daniels
Mr. M.E. Fairey
Mr. A.G. Kane
Mr. D.P. Pritchard
Mrs. H.A. Weir


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



Yours faithfully

A J Michie
Secretary

b.c.c. Ms K.T. McTeague



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