Director Shareholding

Lloyds TSB Group PLC
13 November 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 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 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)   (N/A%)
    of issued Class

MINIMAL

9)  Number of shares/amount
    of stock disposed

N/A

10)  ( N/A %)
    of issued Class

N/A

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

102,830

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   13 NOVEMBER, 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 numbers 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:                                                  3,005
- Mrs Holt:                                                   849
Lloyds Bank (PEP Nominees) (LB(PN)L):
- Mr Holt (Single company):                                 1,880


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

On 26th October, 2000 Mrs Holt exercised savings related share options and
retained the related shares, as follows:

           682 shares at 253p per share
           352 shares at 288p per share
           206 shares at 416p per share
         -----
         1,240

Savings related share options on 388 shares lapsed following the termination of
Mrs Holt's savings contracts in accordance with the rules of the schemes.

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:                                 14,245
LTSBSSTL:              
- Mr Holt:                                 3,005
- Mrs Holt:                                  849
LB(PN)L:                            
- Mr Holt (Single Company)                 1,880