Director Shareholding

Lloyds TSB Group PLC
02 June 2005



                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
LLOYDS TSB GROUP plc

2. Name of director
TERESA ARLENE DIAL

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children

under the age of 18 or in respect of a non-beneficial interest
HOLDING OF DIRECTOR

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
-

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
N/A

7. Number of shares / amount of stock acquired
N/A

8. Percentage of issued class
N/A

9. Number of shares/amount of stock disposed
N/A

10. Percentage of issued class
N/A

11. Class of security
N/A





12. Price per share
N/A

13. Date of transaction
N/A

14. Date company informed
N/A

15. Total holding following this notification
-

16. Total percentage holding of issued class following this notification
N/A



If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
1st June, 2005

18. Period during which or date on which exercisable
1st June, 2008 to 30th November, 2008, or earlier in certain exceptional 
circumstances.

19. Total amount paid (if any) for grant of the option
Nil

20. Description of shares or debentures involved: class, number
242,825 ordinary shares of 25p each

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
£1.00 in total (see also the additional information in box 23)

22. Total number of shares or debentures over which options held following this
notification
242,825







23. Any additional information
The option was granted to Ms Dial under the long-term incentive scheme
established to facilitate her recruitment, as permitted by listing rule
13.13A(b). It does not therefore constitute an executive share option of the
kind mentioned in paragraph B.1.2 of the combined code on corporate governance
annexed to the listing rules.

24. Name of contact and telephone number for queries
A.J. MICHIE, SECRETARY               020 7356 1043

25. Name and signature of authorised company official responsible for making
this notification
A.J. MICHIE, SECRETARY

Date of Notification
2ND JUNE, 2005

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