Director Shareholding

Lloyds TSB Group PLC
27 October 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    LLOYDS TSB GROUP plc

2)  NAME OF DIRECTOR

    PROFESSOR EWAN BROWN

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    SEE BELOW

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 BELOW

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 BELOW

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    SEE BELOW

7)  Number of shares/amount of
    stock acquired

    SEE BELOW

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 BELOW

13) Date of transaction

    SEE BELOW

14) Date company informed

    SEE BELOW

15) Total holding following this notification

    SEE BELOW

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



23) Any additional information



24) Name of contact and telephone number for queries

    A. J. MICHIE: 020 7356 1043

25) Name and signature of authorised company official responsible for
    making this notification

   Date of Notification: 27 October, 2000                                 


                                

LLOYDS TSB GROUP plc
PROFESSOR EWAN BROWN

SECTION 4

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

Lloyds Bank (PEP Nominees) Limited (LB(PN)L): 
- Professor Brown (Single company)                                    371
- Mrs. Brown (Single company)                                         371
- Professor Brown (Corporate)                                         750
- Mrs. Brown (Corporate)                                              753
LLoyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):
- Professor Brown (Single company maxi ISA)                           982

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

14 shares were repurchased by Lloyds TSB Registrars (ISA) Nominees Limited on
11th October, 2000 at 608p per share for Professor Brown's single company ISA.

5 shares were purchased by LB(PN)L on 12 October, 2000 at 631p per share for
each of Professor and Mrs. Brown's single company PEPs.

11 shares were purchased by LB(PNL) on 12 October, 2000 at 631p per share for
Professor Brown's corporate PEP and 12 shares were similarly purchased for Mrs.
Brown.

LTSBR(I)NL and LB(PN)L notify investors by post of details relating to changes
affecting ISAs and personal equity plans. The director was, therefore, not aware
of the changes relating to the holdings until some time after the transactions.
The director notified the company today as soon as he received the information
from LTSBR(I)NL and LB(PN)L.

SECTION 15

Total holding following this notification:

    LB(PN)L:
    - Professor Brown (Single company)                   376
    - Mrs. Brown (Single company)                        376
    - Professor Brown (Corporate)                        761
    - Mrs. Brown (Corporate)                             765

    LTSBR(I)NL:
    - Professor Brown (Single company maxi ISA)          996