Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
19 April 2000


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

PROFESSOR EWAN BROWN

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a 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 BELOW

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 BELOW

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

SEE BELOW

7)  Number of shares/amount of
    stock acquired

SEE BELOW

8)   (    % )
    of issued Class

MINIMAL

9)  Number of shares/amount
    of stock disposed

N/A

10)  (    % )
   of issued Class

N/A

11) Class of security

ORDINARY SHARES OF 25P EACH

12) Price per share

SEE BELOW

13) Date of transaction

SEE BELOW

14) Date company informed

SEE BELOW

15) Total holding following this notification

SEE BELOW

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

-

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...19 APRIL 2000....................


APPENDIX

LLOYDS TSB GROUP PLC
PROFESSOR EWAN BROWN

SECTION 4

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

Lloyds Bank (PEP Nominees) Limited (LB(PN)L):
- Professor Brown (Single company)                   362
- Mrs Brown (Single company)                         362
- Professor Brown (Corporate)                        730
- Mrs Brown (Corporate)                              733

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

982 shares were purchased by Lloyds TSB Registrars (ISA) Nominees Limited on 5th
April, 2000 at 707.5p per share for Professor Brown's single company ISA.

Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(ISA)NL) notify investors by
post of details relating to ISAs.  The director was, therefore, not aware of the
holding until some time after the transaction.  The director notified the
company today as soon as he received the information from LTSBR(ISA)NL.

SECTION 15

Total holding following this notification:

LB(PN)L:
- Professor Brown (Single company)                    362
- Mrs Brown (Single company)                          362
- Professor Brown (Corporate)                         730
- Mrs Brown (Corporate)                               733
LTSBR(ISA)NL:
- Professor Brown (Single company maxi ISA)           982