Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
22 June 2000


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP PLC

2)  NAME OF DIRECTOR

    DENNIS HOLT

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

    SEE APPENDIX

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)

    SEE APPENDIX

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 EACH

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

    93,569

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....22ND JUNE, 2000........





APPENDIX

LLOYDS TSB GROUP PLC
MR. DENNIS HOLT

                                 SCHEDULE 11
         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

SECTION 4

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

Mr. Holt:                                                         1,385
Mrs. Holt:                                                       13,005
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):    
- Mr. Holt:                                                       1,720
- Mrs. Holt:                                                        464
Lloyds Bank (PEP Nominees) Limited (LB(PN)L): 
-Mr. Holt (Single company):                                       1,880

SECTIONS 3, 5, 6, 7, 12, 13 AND 14

1,285 shares were allocated to LTSBSSTL for Mr. Holt, under the Lloyds TSB Group
staff profit sharing scheme, and the appropriation amount relating to these
shares was £7,999.13. 385 shares were also allocated to LTSBSSTL for Mrs. Holt,
under the same scheme and the appropriation amount relating to these shares was
£2,396.63.

Notices giving details were posted to participants in the staff profit sharing
scheme by the trustee on 14th June, 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. Holt:                                                         1,385
Mrs. Holt:                                                       13,005
LTSBSSTL:                    
- Mr. Holt:                                                       3,005
-Mrs. Holt:                                                         849
LB(PN)L: 
-Mr. Holt (Single company):                                       1,880