Holding in Company

Lloyds TSB Group PLC
20 November 2000


Letter dated 17 November 2000

To Lloyds TSB Group PLC


Companies Act 1985 ('The Act') - Part VI

I hereby inform you that as of the date of this letter Barclays PLC, through its
subsidiary Barclays Bank PLC, has a notifiable interest in the capital of your
Company of 3.00%

Details of this interest, together with a breakdown between registered holders
(as required by Section 202(3) of the Act), are set out on the schedule below.

The issued capital 5,505,904,609 is the latest figure available to us.

From Barclays PLC

                Share Stakes System - Standard Movements Report

Sedol   Company Name         Stock Name    Issue Area Name      Holding     %

870612  LLOYDS TSB GROUP     ORD GBPO. 25  5,505,904,609
                                           JAPAN               2,089,465  0.03
                                           BARCLAYTRUST C.I.     882,701  0.01
                                           SWITZERLAND (BGSS)          0  0.00
                                           BGI LONDON
                                           MATERIAL           80,559,469  1.46
                                           BARCOT OCTEL                0  0.00
                                           TRUST COMPANY
                                           TRUST               1,856,833  0.03
                                           BARCLAYS PTE
                                           BANK & TRUST IOM      120,098  0.00
                                           BARCLAYS CAPITAL
                                           SECURITIES LI               0  0.00
                                           BGI SAN FRANCISCO  36,638,487  0.66
                                           BZW NIKKO GLOBAL
                                           INVESTORS                   0  0.00
                                           BARCLAYS CAPITAL   42,877,308  0.77
                                           WOOLWICH PENSION
                                           FUND                   80,000  0.00
                                           WOOLWICH LIFE
                                           INTERESTS             350,000  0.00

                                           Material Holding  165,454,361  3.00
                                                                  Movement : 1

Barclays Bank PLC - Registered Holders Analysis

LLOYDS TSB GROUP          Sedol Number :  870612

As at 16 November 2000 Barclays PLC, through its subsidiary Barclays Bank PLC,
had a notifiable interest in 165,454,361 ORD GBPO.25 units representing 3.00% of
the issued share capital of 5,505,904,609 units.

Registered Holder                                                   Holding
MSTC Nominees Ltd                                                   120,098
MSTC Nominees Ltd                                                   832,701
***Unknown***                                                        50,000
Barclays Capital (no. 2) Nominees Limited                         4,143,372
Bank of Ireland Nominees Limited                   73520            389,136
Dematerialised                                                      127,140
Chase Nominees Limited                             16331          2,103,786
Chase Nominees Limited                             16338            200,811
Chase Nominees Limited                             16341          4,970,343
Chase Nominees Limited                             16342            484,709
Chase Nominees Limited                             16344            165,100
Chase Nominees Limited                             16345            350,400
Chase Nominees Limited                             16376            562,379
Chase Nominees Limited                             16400         49,892,503
Chase Nominees Limited                             16417          3,844,700
Chase Nominees Limited                             16530         16,451,742
Chase Nominees Limited                             18409          1,143,860
DEM69                                                             1,349,119
Barclays Bank Trust Co Ltd & third party nominee                      9,441
Barclays Bank Trust Co Ltd as executor                               71,941
***Unknown***                                                         9,502
Phildrew Nominees Limited                                            80,000
Barclays Bank Trust Co Ltd - IMA                                     47,046
Barclays Bank Trust Company Ltd - PEP                                 6,380
Twenty Nine Gracechurch Street Nominees Limited a/c 5781C        27,218,439
Twenty-Nine Gracechurch Street Nominees Limited Account 5781C       142,557
Chase Manhattan Bank                                                682,695
Chase Nominees Ltd A/C Lend 16201                                   257,092
Chase Nominees Ltd A/C BGIOMNI 19688                                804,970
***Unknown***                                                        16,145
Investors Bank & Trust Company                                       40,381
***Unknown***                                                     7,476,208
Barclays Bank Trust Company Ltd                                         619
Barclays Bank Trust Company Ltd                                         629
***Unknown***                                                     1,671,305
***Unknown***                                                        25,762
***Unknown***                                                       202,343
***Unknown***                                                        17,908
***Unknown***                                                        67,078
***Unknown***                                                        97,769
***Unknown***                                                         7,300
Barclays Bank Trust Co Ltd and another                              235,016
***Unknown***                                                    38,733,936
Nutraco Nominees Limited                                            350,000

                                                                ------------

                                                 Total          165,454,361
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