Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
6 June 2000

                       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 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 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 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

570,850

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...6TH JUNE 2000

APPENDIX

LLOYDS TSB GROUP PLC
MR P.B.ELLWOOD

SECTION 4

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

Mr Ellwood:                                                    38,430
Mrs Ellwood:                                                  134,924
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):           1,720
Lloyds Bank (PEP Nominess) Limited (LB(PN)L):       
- Mr Ellwood (Single company):                                    561
- Mrs Ellwood (Single company):                                   561

                                                         Non-beneficial

Peter B.Ellwood, Judith A. Ellwood and
Trevor George (trustees of the Peter
and Judy Ellwood grandchildren's settlement):                   7,000

SECTION 6,7,12,13 and 14

1,285 shares were allocated to LTSBSSTL for Mr. Ellwood, under the Lloyds TSB
Group staff profit sharing scheme, and the appropriation amount relating to
these shares was £7,999.13.

Notices giving details were posted to participants in the staff profit sharing
scheme by the trustee on 30th May, 2000.  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.Ellwood:                                                     38,430
Mrs.Ellwood                                                    134,924
LTSBSSTL:                                                        3,005
LB(PN)L: 
-Mr. Ellwood (Single company):                                     561
-Mrs.Ellwood (Single company):                                     561

                                                             Non-beneficial

Peter B. Ellwood, Judith A. Ellwood and
Trevor George (trustees of the Peter
and Judy Ellwood grandchildren's settlement):                    7,000