Director Shareholding

Lloyds TSB Group PLC
27 April 2001


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

    PETER BRIAN ELLWOOD

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

    HOLDING OF DIRECTOR AND OF DIRECTOR'S SPOUSE

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

    Mr ELLWOOD:                                              38,430
    Mrs ELLWOOD:                                            134,924
    LLOYDS TSB SHARE SCHEMES TRUSTEES LIMITED (LTBSSTL):      3,005  
    LLOYDS BANK (PEP NOMINEES) LIMITED (LB(PN)L):          
    - Mr ELLWOOD    (SINGLE COMPANY):                           571
    - Mrs ELLWOOD   (SINGLE COMPANY):                           571

                                                     Non-beneficial   
    PETER B ELLWOOD, JUDITH A ELLWOOD and
    TREVOR GEORGE (TRUSTEES OF THE PETER AND JUDY ELLWOOD
    GRANDCHILDREN'S SETTLEMENT)                               7,000

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

    MRS. ELLWOOD

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

    SALE OF SHARES
    Mr ELLWOOD SOLD  5,900 SHARES ON 24th APRIL, 2001 at 709p PER SHARE
    Mrs ELLWOOD SOLD 6,280 SHARES ON 24th APRIL, 2001 at 709p PER SHARE

7)  Number of shares/amount of
    stock acquired

    N/A

8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed

    Mr ELLWOOD SOLD  5,900 SHARES ON 24th APRIL, 2001 at 709p PER SHARE
    Mrs ELLWOOD SOLD 6,280 SHARES ON 24th APRIL, 2001 at 709p PER SHARE

10)  (MINIMAL%)
    of issued Class



11) Class of security

    ORDINARY SHARES OF 25p EACH

12) Price per share

    Mr ELLWOOD SOLD  5,900 SHARES ON 24th APRIL, 2001 at 709p PER SHARE
    Mrs ELLWOOD SOLD 6,280 SHARES ON 24th APRIL, 2001 at 709p PER SHARE

13) Date of transaction

    Mr ELLWOOD SOLD  5,900 SHARES ON 24th APRIL, 2001 at 709p PER SHARE
    Mrs ELLWOOD SOLD 6,280 SHARES ON 24th APRIL, 2001 at 709p PER SHARE

14) Date company informed

    Mr ELLWOOD SOLD  5,900 SHARES ON 24th APRIL, 2001 at 709p PER SHARE
    Mrs ELLWOOD SOLD 6,280 SHARES ON 24th APRIL, 2001 at 709p PER SHARE

15) Total holding following this notification

    Mr ELLWOOD:                                              32,530
    Mrs ELLWOOD:                                            128,644
    LLOYDS TSB SHARE SCHEMES TRUSTEES LIMITED (LTBSSTL):      3,005  
    LLOYDS BANK (PEP NOMINEES) LIMITED (LB(PN)L):          
    - Mr ELLWOOD    (SINGLE COMPANY):                           571
    - Mrs ELLWOOD   (SINGLE COMPANY):                           571

                                                     Non-beneficial   
    PETER B ELLWOOD, JUDITH A ELLWOOD and
    TREVOR GEORGE (TRUSTEES OF THE PETER AND JUDY ELLWOOD
    GRANDCHILDREN'S SETTLEMENT)                               7,000
    

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

    763,065

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     27th APRIL, 2001