Holding in Company

Lloyds TSB Group PLC
24 January 2001


Letter to Lloyds TSB Group Plc
23 January 2001

Re: Amended Section 198 Notification

Below is an amended Section 198 Notification dated 17 January 2001.

Please note that one or more of the affiliates of The Capital Group Companies,
Inc. have made notifications to your company pursuant to Section 198 previously.
For a description of our organization, please visit our Web site at
www.capgroup.com.

For the purposes of this Notification an outstanding share balance of
5,507,509,705 shares was used to calculate the percentages of holdings of the
relevant share capital which determine the notifiable interest.  We believe
this outstanding share balance is current; however, if this number is not
accurate, please contact us as soon as possible so we may make the necessary
revisions to this Notification.



                       AMENDED SECTION 198 NOTIFICATION
                           NOTIFICATION OF DECREASE

This Notice is given by The Capital Group Companies, Inc. on behalf of its
affiliates, including Capital Guardian Trust Company, Capital International
Limited, Capital International S.A., Capital International, Inc., and Capital
Research and Management Company, pursuant to Section 198 of the Companies Act
1985.

The interest in the relevant share capital indicated below arises by virtue of
holdings attributed to the Companies (See Schedule A).  These holdings form part
of funds managed on behalf of investment clients by the Companies.

Share capital to which this relates:

Ordinary Shares (5,507,509,705 shares outstanding)

Number of shares in which the Companies have an interest:  217,855,781

Name(s) of registered holder(s):  See Schedule B


                                 SCHEDULE A

As of 17 January 2001

Lloyds TSB Group Plc

                                                       Number of    Percent of
                                                       Shares       Outstanding

The Capital Group Companies, Inc ('CG') holdings     217,855,781        3.96%

Holdings by CG Management Companies and Funds:

Capital Guardian Trust Company                       126,592,919        2.30%

Capital International Limited                         39,675,861        0.72%

Capital International S.A.                             7,439,401        0.14%

Capital International, Inc.                            3,988,300        0.07%

Capital Research and Management Company               40,159,300        0.73%




                                 SCHEDULE B


                  Schedule of holdings in Lloyds TSB Group Plc
                             As of 17 January 2001

                        Capital Guardian Trust Company

Registered Name                                                  Local Shares

State Street Nominees Limited                                      19,585,441
Bank of New York Nominees                                           2,485,655
Chase Nominees Limited                                             50,438,788
BT Globenet Nominees Ltd.                                             273,006
Midland Bank Plc                                                   24,506,838
Deutsche Bank Mannheim                                                  2,500
Bankers Trust                                                       7,037,543
Barclays Bank                                                       2,364,472
Citibank London                                                     1,983,168
Nortrust Nominees                                                  17,317,499
Royal Bank of Scotland                                                 32,834
MSS Nominees Limited                                                  170,700
National Westminster Bank                                               6,000
Lloyds Bank                                                            13,803
'New Account' Nominee information not available                        36,900
Citibank NA                                                           246,545
HSBC Bank Plc                                                           4,567
ROY Nominees Limited                                                   86,660
                                                                  -----------
                                                     TOTAL        126,592,919


                         CAPITAL INTERNATIONAL LIMITED

Registered Name                                                  Local Shares

State Street Nominees Limited                                       1,217,168
Bank of New York Nominees                                           4,711,156
Chase Nominees Limited                                              7,492,235
Midland Bank Plc                                                      142,691
Bankers Trust                                                      17,260,561
Barclays Bank                                                         172,080
Citibank London                                                       914,345
Morgan Guaranty                                                       111,367
Nortrust Nominees                                                   5,949,260
Royal Bank of Scotland                                                 41,575
MSS Nominees Limited                                                  150,000
Lloyds Bank                                                            81,632
Vidacos Nominees Ltd.                                                 151,777
Citibank                                                               40,138
Citibank NA                                                            92,878
Deutsche Bank AG                                                      853,449
Mellon Bank N.A.                                                      293,549
                                                                   ----------
                                                     TOTAL         39,675,861


                            CAPITAL INTERNATIONAL S.A.

Registered Name                                                  Local Shares

State Street Nominees Limited                                         262,120
Bank of New York Nominees                                             135,732
Chase Nominees Limited                                              2,645,302
Credit Suisse London Branch                                            87,144
Midland Bank Plc                                                      392,837
Barclays Bank                                                         453,953
Royal Bank of Scotland                                              2,694,348
National Westminster Bank                                              86,000
Lloyds Bank                                                           167,151
Vidacos Nominees Ltd.                                                 318,600
RBSTB Nominees Ltd.                                                    87,714
'New Account' Nominee information not available                        69,500
Citibank NA                                                            39,000
                                                                   ----------
                                                     TOTAL          7,439,401



                              CAPITAL INTERNATIONAL, INC.

Registered Name                                                  Local Shares

State Street Nominees Limited                                      1,222,456
Bank of New York Nominees                                            245,761
Chase Nominees Limited                                             1,824,803
Midland Bank Plc                                                      36,524
Deutsche Bank Mannheim                                                84,320
Bankers Trust                                                         19,931
Citibank London                                                       24,209
Nortrust Nominees                                                    361,345
State Street Bank & Trust Co.                                        143,000
Citibank NA                                                           25,951
                                                                   ----------
                                                     TOTAL          3,988,300



                      CAPITAL RESEARCH AND MANAGEMENT COMPANY

Registered Name                                                  Local Shares

State Street Nominees Limited                                       1,100,000
Chase Nominees Limited                                             39,059,300
                                                                   ----------
                                                     TOTAL         40,159,300

Letter from The Capital Group Companies, Inc.