Directors' Dealings

Lloyds TSB Group PLC
2 February 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

HOLDING OF DIRECTOR AND OF DIRECTOR'S SPOUSE

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 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 APPENDIX BELOW


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

HOLDING OF SHARES ON 1ST FEBRUARY 2000
(DATE OF APPOINTMENT AS A DIRECTOR)

7)  Number of shares/amount of
    stock acquired

N/A

8)   (N/A % )
    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

N/A

13) Date of transaction

N/A

14) Date company informed

2 FEBRUARY 2000

15) Total holding following this notification

SEE APPENDIX 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

53,237
HOLDING OF SHARE OPTIONS ON 1ST FEBRUARY 2000
(DATE OF APPOINTMENT AS A DIRECTOR)

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.....2nd FEBRUARY 2000.....

APPENDIX

LLOYDS TSB GROUP PLC - MR DENNIS HOLT

SECTIONS 4, 5 AND 15


Mr Holt                                                  1,385
Mrs Holt                                                10,643
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):
Mr Holt                                                  3,267
Mrs Holt                                                   860
Lloyds Bank (PEP Nominees) Limited (LB(PNL)
- Mr Holt (Single Company)                               1,880