Director Shareholding

Lloyds TSB Group PLC
15 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 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)

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)

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

ACQUISITION OF SHARES
(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      15TH JUNE 2001                           



APPENDIX

LLOYDS TSB GROUP PLC
MR. P.B. ELLWOOD

SECTION 4

Names of the registered holders and the number of shares held by each of them
before this notification:

Mr. Ellwood:                                                      33,384
Mrs. Ellwood:                                                    128,644
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

Mr. Ellwood purchased 5,900 shares on 7th June, 2001 at 750p per share.
Mrs. Ellwood purchased 6,280 shares on 7th June, 2001 at 750p per share.

SECTION 15

Total holding following this notification:

Mr. Ellwood:                                                      39,284
Mrs. Ellwood:                                                    134,924
LTSBSSTL:                                                          2,151
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