Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
16 June 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

ARCHIBALD GERARD KANE

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

N/A

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 BOX 23 BELOW

7)  Number of shares/amount of
    stock acquired

N/A

8)   (    % )
    of issued Class

N/A

9)  Number of shares/amount
    of stock disposed

N/A

10)  (    % )
   of issued Class

N/A

11) Class of security

-

12) Price per share

-

13) Date of transaction

-

14) Date company informed

16.6.2000

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

317,490

23) Any additional information

INSTRUCTIONS GIVEN FOR THE CLOSURE OF TWO 'SHARESAVE' ACCOUNTS, RESULTING IN THE
LAPSING OF 1,577 SHARE OPTIONS UNDER THE LLOYDS TSB GROUP SHARESAVE SCHEME 1997.

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........16th June, 2000.............




APPENDIX

LLOYDS TSB GROUP PLC
MR. A.G. KANE

                                     SCHEDULE 11
          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


SECTIONS 4 AND 15

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

   Mr. A.G. Kane:                                                    74,441
   Miss D.M. Muirhead (Mrs. Kane):                                      613
   Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):              1,720
   Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL)
   -Mr. Kane:                                                           792



A.J. Michie
Secretary                                              16th June, 2000