Director Shareholding

Lloyds TSB Group PLC
20 June 2001


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

MICHAEL KENT ATKINSON

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)   (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

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

364,379

23) Any additional information



24) Name of contact and telephone number for queries

A. J. MICHIE   020 7356 1043

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification    20TH JUNE 2001                             


                              
APPENDIX
LLOYDS TSB GROUP PLC
MR. M. K. ATKINSON

                                 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. Atkinson:                                                  97,775
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):           2,151
Perry Nominees Limited (PNL):                                  17,527
Lloyds Bank (PEP Nominees) Limited (LB(PN)L): 
- Mr. Atkinson (Single company)                                 3,421
- Mrs. Atkinson (Single company)                                1,436
- Mrs. Atkinson (General)                                       1,238
Boltro Nominees Limited (BNL):                    
- Mr. Atkinson (Sharelect ISA):                                 2,106

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

Mr. Atkinson transferred 94,456 shares to Perry Nominees Limited on 12th June. 
This was not notifiable under the Companies Act, as there was no transfer of
ownership.

On 14th June, Mr. Atkinson exercised a savings-related share option on 5,181
shares at 253p per share.

1,216 shares were allocated to LTSBSSTL for Mr. Atkinson, under the Lloyds TSB
Group staff profit sharing scheme, and the appropriation amount relating to
these shares were £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. Atkinson:                                             8,500
LTSBSSTL:                                                 3,367
PNL:                                                    111,983
LB(PN)L:
- Mr. Atkinson (Single company)                           3,421
- Mrs. Atkinson (Single company)                          1,436
- Mrs. Atkinson (General)                                 1,238
BNL:
- Mr. Atkinson (Sharelect ISA):                           2,106