Director Shareholding

Lloyds TSB Group PLC
12 June 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                                         PETER BRIAN ELLWOOD


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


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

         SEE APPENDIX                                            SEE APPENDIX


7. Number of shares/amount of  8. Percentage of issued class 9. Number of shares/amount of 10. Percentage of issued
stock acquired                                               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 OF 25p        SEE APPENDIX                  SEE APPENDIX              SEE APPENDIX
    EACH


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

                       SEE APPENDIX                                                   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

                               -                                                         763,065




    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 12th June, 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. P.B. ELLWOOD

                                  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. Ellwood:      39,284

Mrs. Ellwood:      134,924

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

     Lloyds Bank (PEP Nominees) Limited (LB(PN)L):

- Mr. Ellwood (General choice PEP):     588

- Mrs. Ellwood (General choice PEP):     588

     Non-beneficial


        Peter B. Ellwood, Judith A. Ellwood and Trevor George

        (trustees of the Peter and Judy Ellwood grandchildren's

        settlement):      7,000



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

866 shares held for Mr. Ellwood 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.

1,079 shares were allocated to LTSBSSTL for Mr. Ellwood, under the Lloyds TSB
Group staff profit sharing scheme, and the appropriation amount relating to
these shares was £7,995.39.

Notices giving details were posted to participants in the staff profit sharing
scheme by the trustee and the director notified the company within the five
business days following his being made aware of the details.



SECTION 15

Total holding following this notification:

Mr. Ellwood:      40,150

Mrs. Ellwood:      134,924

LTSBSSTL:      3,580

     LB(PN)L:

- Mr. Ellwood (General choice PEP):     588

- Mrs. Ellwood (General choice PEP):     588

      Non-beneficial


        Peter B. Ellwood, Judith A. Ellwood and Trevor George

        (trustees of the Peter and Judy Ellwood grandchildren's

        settlement):      7,000



A.J. Michie

Secretary     12th June, 2002



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