Salomon Smith Barney Appointed as Corporate Broker

Lloyds TSB Group PLC
12 January 2000



LLOYDS TSB APPOINTS SALOMON SMITH BARNEY
AS A CORPORATE BROKER


Lloyds TSB is pleased to announce that it has appointed Salomon Smith Barney
(a member of Citigroup) as a Corporate Broker.  This appointment reflects
Lloyds TSB's strategy to diversify its shareholder base and to further
increase its visibility in the global investment community, particularly in
the United States where the Group is planning to launch a Level One sponsored
American Depositary Receipt (ADR) programme towards the end of February this
year.

Hoare Govett Limited will continue to act as a Corporate Broker to Lloyds TSB.

Peter Ellwood, Group Chief Executive of Lloyds TSB said

'Over the last few years we have successfully established a significant US
shareholder base and we are now seeking to build on the momentum to increase
this presence even further.  Salomon Smith Barney, through its significant
distribution strength, strong institutional investor relationships and
in-depth experience of the global stock markets, is an excellent additional
partner to help us achieve that.
                                                                      
We are very happy with the results that Hoare Govett have achieved for us to
date and we look forward to working with both Hoare Govett and Salomon Smith
Barney in the future'.


For further information, please contact:

Kent Atkinson, Group Finance Director               Tel: [phone]
Michael Oliver, Director of Investor Relations      Tel: [phone]