89AZ Sg Issuer 25

    Lloyds TSB Bank PLC

RE: LLOYDS TSB BANK PLC
    USD 20,000,000.00
    MATURING: 23/May/2018
    ISSUE DATE: 23/May/2003
    ISIN: XS0168691045

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
23/Nov/2005 TO 23/May/2006 HAS BEEN FIXED AT 6.125000 PCT.

DAY BASIS 181/365

INTEREST PAYABLE VALUE 23/May/2005 WILL AMOUNT TO
USD 303.73 PER USD 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881.

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