Director Shareholding

Lloyds TSB Group PLC
23 May 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

AVS NO

All relevant boxes should be completed in typed block capital letters.

    1.     Name of company                                       2.     Name of director

         LLOYDS TSB GROUP plc                                         ARCHIBALD GERARD KANE

 3. Please state whether notification indicates that it is in
    respect of holding of the shareholder named in 2 above       4.     Name of the registered holder(s) and, if more
    or in respect of a non-beneficial interest or in the         than one holder, the number of shares held by each of
    case of an individual holder if it is a holding of that      them (if notified)
    person's spouse or children under the age of 18 or in
    respect of an non-beneficial interest

                                                                 SEE APPENDIX
    SEE APPENDIX


    5.     Please state whether notification relates to a        6.     Please state the nature of the transaction. For
    person(s) connected with the director named in 2 above       PEP transactions please indicate whether general/single
    and identify the connected person(s)                         co PEP and if discretionary/non discretionary

         SEE APPENDIX                                                 SEE APPENDIX



7. Number of shares/amount     8. Percentage of issued       9. Number of shares/amount    10. Percentage of issued

of stock acquired              class                         of stock disposed             class

SEE APPENDIX                   MINIMAL                       N/A                           N/A

11. Class of security         12. Price per share           13. Date of transaction       14. Date company informed

ORDINARY SHARES                    SEE APPENDIX             SEE APPENDIX                  SEE APPENDIX
OF 25p EACH

15. Total holding following this notification               16. Total percentage holding of issued class following this

                       SEE APPENDIX                         notification

                                                                                      MINIMAL



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

    17.     Date of grant                                        18.     Period during which or date on which
                                                                 exercisable
                               -
                                                                                            -


    19.     Total amount paid (if any) for grant of the          20.     Description of shares or debentures involved:
    option                                                       class, number

                               -                                                            -


    21.     Exercise price (if fixed at time of grant) or        22.     Total number of shares or debentures over which
    indication that price is to be fixed at time of exercise     options held following this notification

                               -                                                         757,617




    23.     Any additional information                           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

         Date of notification 23rd May, 2002                    A.J. MICHIE, SECRETARY


Company Announcements Office, Old Broad Street, London EC2N 1HP

Facsimile: 020 7588 6057 (PLEASE DO NOT POST)

Enquiries: Company Monitoring and Enquiries; UK Listing Authority




    APPENDIX

    LLOYDS TSB GROUP plc

    MR. A.G. KANE

                                    SCHEDULE 11

            NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS





    SECTION 4

    Names of the registered holders and the number of shares held by each of
    them before this notification:

         Mr. A.G. Kane:           75,295

         Miss D.M. Muirhead (Mrs. Kane):            613

         Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):           3,367

         Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):

         - Mr. Kane: (Single company maxi ISA):           845



    SECTIONS 3, 5, 6, 7, 12, 13, AND 14

    866 shares held for Mr. Kane by LTSBSSTL were transferred to him on 28th
    April,

    2002. This was not a notifiable event under the Companies Act, as there was
    no

    change in the director's interest.

    26 shares were purchased by Lloyds TSB Registrars (ISA) Nominees Limited on
    1st

    May, 2002, at 788p per share for Mr. Kane's single company maxi ISA.

    LTSBR(I)NL notify investors by post of details relating to changes affecting
    ISAs.

    The director was, therefore, not aware of the changes relating to the
    holdings until

    some time after the transaction. The director notified the company today as
    soon as

    he received the information from LTSBR(I)NL.



    SECTION 15

    Total holding following this notification:

         Mr. A.G. Kane:           76,161

         Miss D.M. Muirhead (Mrs. Kane):            613

         LTSBSSTL:           2,501

         LTSBR(I)NL:

         - Mr. Kane: (Single company maxi ISA):           871




    A.J. Michie

    Secretary                23rd May, 2002




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