LLOYDS TSB BANK PLC

As Agent Bank, please be advised of the following rate determined on:15-Jun-2006

Issue               : Lloyds Bank Plc USD750,000,000
                      Primary Capital Undated FRN -Series 1
ISIN Number         : GB0005224307
Common Code/
144A ISIN           : 5224307
Issue Nomin     USD : 750,000,000.00
Period              : 19-Jun-2006 to 19-Dec-2006       Payment Date 19-Dec-2006
Number of Days      : 183
Rate                : 5.75
Denomination    US  : 10,000.00
Amount Payable 
per Denomination    : 292.29

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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