Director Shareholding

Lloyds TSB Group PLC
20 June 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

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)

    N/A

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)   (MINIMAL%)
    of issued Class



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

    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       20TH JUNE 2001                          



LLOYDS TSB GROUP PLC
MR P B ELLWOOD

                             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:

     Mr Ellwood:                                             39,284
     Mrs Ellwood:                                           134,924
     Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):    2,151
     Lloyds Bank (PEP Nominees) Limited (LB(PN)L):
     - Mr Ellwood (Single company):                             588
     - Mrs Ellwood (Single company):                            588

                                                     Non-beneficial
     Peter B Ellwood, Judith A Ellwood and
     Trevor George (trustees of the Peter
     and Judy Ellwood grandchildren's settlement):            7,000

SECTIONS 6, 7, 12, 13 AND 14

1,216 shares were allocated to LTSBSSTL for Mr Ellwood, under the Lloyds TSB
Group staff profit sharing scheme, and the appropriation amount relating to
these shares was £7,998.84.

Notices giving details were posted to participants in the staff profit sharing
scheme by the trustee and the director notified the company within the five
business days following his being made aware of the details.

SECTION 15

Total holding following this notification:

     Mr Ellwood:                                            39,284
     Mrs Ellwood:                                          134,924
     LTSBSSTL:                                               3,367
     LB(PN)L:     
     - Mr Ellwood (Single company):                            588
     - Mrs Ellwood (Single company):                           588

                                                    Non-beneficial
     Peter B Ellwood, Judith A Ellwood and
     Trevor George (trustees of the Peter
     and Judy Ellwood grandchildren's settlement):           7,000