Director Shareholding

Lloyds TSB Group PLC
23 August 2004


                   Secretary's Department
                   25 Gresham Street          Direct line: 020 7356 2108
                   London                     Network: 7-400 2108
                   EC2V 7HN                   Switchboard: 020 7626 1500
                                              Facsimile: 020 7356 1038
                                              Network Fax: [phone]
                                              Email: mike.hatcher @lloydstsb.co.uk


The London Stock Exchange
RNS
10 Paternoster Square
London
EC4M 7LS
                                                               23rd August, 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 64,472 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 254,853 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
Mr. G.T. Tate
Mrs. H.A. Weir

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

Yours faithfully


        M.R. Hatcher
        Deputy Secretary



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