Changes to Group Board

Lloyds TSB Group PLC
7 January 2000



CHANGES TO THE LLOYDS TSB GROUP BOARD


Dennis Holt has been appointed a director from 1 February 2000 and will take
up the position of Group Executive Director, Retail Distribution, to succeed
Gordon Pell, who is leaving to assume the position of Chief Executive, UK
Banking, at NatWest.

Currently Managing Director, Lloyds TSB Insurance, Dennis Holt has held a
number of key positions within the Group and brings a wealth of valuable
experience.  Prior to managing the Group's Insurance business, Mr Holt was
Managing Director of Sales and Marketing in the Retail Bank and General
Manager of Personal Banking.  In his new role, Mr Holt will be responsible for
all distribution channels including e-commerce.

Peter Ellwood, Chief Executive of the Lloyds TSB Group, said:

'I am delighted that Dennis Holt will be taking responsibility for Retail
Distribution.  With his considerable experience and expertise he is ideally
suited to develop further our distribution strategy.'

                                
For further information:

Lloyds TSB Press Office
Tel:  [phone]