Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
3 July 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

    DR CHRISTOPHER SHAW GIBSON-SMITH

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)

     AS ABOVE     

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

     ACQUISITION OF SHARES THROUGH 'DIVIDEND REINVESTMENT PLAN'


7)  Number of shares/amount of
    stock acquired

     86

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

     649.9378p

13) Date of transaction

     04.05.2000

14) Date company informed

     03.07.2000

15) Total holding following this notification

     3,151

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

    THE DIRECTOR NOTIFIED THE COMPANY AS SOON AS HE RECEIVED THE INFORMATION
    FROM THE REGISTRAR

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     3RD JULY 2000