Director Shareholding

Lloyds TSB Group PLC
8 January 2001

                       DEALINGS BY DIRECTORS

1)  NAME OF COMPANY

    LLOYDS TSB GROUP Plc

2)  NAME OF DIRECTOR

    SIR BRIAN PITMAN

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in 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

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    SEE APPENDIX

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    SEE APPENDIX

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    SEE APPENDIX

7)  Number of shares/amount of
    stock acquired

    SEE APPENDIX

8)   (N/A %)
    of issued Class

    MINIMAL

9)  Number of shares/amount
    of stock disposed

    N/A

10)  ( N/A %)
    of issued Class


11) Class of security

    ORDINARY SHARES OF 25p EACH

12) Price per share

    SEE APPENDIX

13) Date of transaction

    SEE APPENDIX

14) Date company informed

    SEE APPENDIX

15) Total holding following this notification

    SEE APPENDIX

16) Total percentage holding of issued class following this notification

    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 option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification

    4,374

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   8TH JANUARY, 2001                                




APPENDIX

LLOYDS TSB GROUP plc

SIR BRIAN PITMAN

                              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:

     Sir Brian Pitman:                                      2,385,334
     Lady Pitman:                                             166,310
     Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):      3,005
     Lloyds Bank (PEP Nominees) Limited (LB(PN)L:
     - Sir Brian Pitman (Single company):                       9,799
     - Lady Pitman (Single company):                           10,044
     - Lady Pitman (General):                                   2,180
     Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL:  
     - Sir Brian Pitman (Single company maxi ISA):              1,989


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

14 shares were purchased by LB(PN)L on 28th December, 2000 at 709p per share for
Sir Brian Pitman's single company PEP and 13 shares were similarly purchased for
Lady Pitman's single company PEP.

LB(PN)L notify investors by post of details relating to changes affecting
personal equity plans. The director was, therefore, not aware of the changes
relating to the holdings until some time after the transactions. The director
notified the company today as soon as he received the information from the PEP
manager.


SECTION 15

Total holding following this notification:

   Sir Brian Pitman:                           2,385,334
   Lady Pitman:                                  166,310
   LTSBSSTL:                                       3,005
   LB(PN)L:
   - Sir Brian Pitman (Single company):            9,813
   - Lady Pitman (Single company):                10,057
   - Lady Pitman (General):                        2,180
   LTSBR(I)NL:
   - Sir Brian Pitman (Single company maxi ISA):   1,989


A.J. Michie
Secretary                                      8th January, 2001