LLOYDS TSB BANK PLC


As Agent Bank, please be advised of the following rate determined on: 17-Dec-2007
Issue               : Lloyds TSB Bank Plc US$750,000,000
                      Primary Capital Undated FRN - Series 1
ISIN Number         : GB0005224307
Common Code /       : 5224307
144A ISIN
Issue Nomin USD     : 750,000,000.00
Period              : 19-Dec-2007 to 17-Jun-2008 Payment Date 17-Jun-2008
Number of Days      : 181
Rate                : 5.125
Denomination US     : 10,000.00
Amount Payable
per Denomination    : 257.67

Bank of New York
Rate Fix Desk                     Telephone 44 1202 689580
Corporate Trust Services          Facsimile 44 1202 389601



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