Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
19 June 2000


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

LLOYDS TSB GROUP plc

2)  NAME OF DIRECTOR

SIR BRIAN PITMAN

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

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)

N/A

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

4,374

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..........19th June, 2000..........




APPENDIX

LLOYDS TSB GROUP plc
SIR BRIAN PITMAN

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:
                                                     
Sir Brian Pitman:                                             2,386,464
Lady Pitman:                                                    166,310
Lloyds TSB Share Schemes Trustees Limited (LTSBSSTL):             1,720
Lloyds Bank (PEP Nominees) Limited (LB(PN)L):
- Sir Brian Pitman (Single company):                              9,632
- Lady Pitman (Single company):                                   9,875
- Lady Pitman (General):                                          2,180
Lloyds TSB Registrars (ISA) Nominees Limited (LTSBR(I)NL):
- Sir Brian Pitman (Single company maxi ISA):                       827


SECTIONS 6, 7, 12, 13 AND 14

1,130 shares were transferred from Sir Brian Pitman to his Lloyds TSB single
company maxi ISA on 11th May, 2000. This was not a notifiable event under the
Companies Act, as there was no change in the director's interest.

1,285 share were allocated to LTSBSSTL for Sir Brian Pitman, under the Lloyds
TSB Group staff profit sharing scheme, and the appropriation amount relating to
these shares was £7,999.13.

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:

Sir Brian Pitman:                                              2,385,334
Lady Pitman:                                                     166,310
LTSBSSTL:                                                          3,005
LB(PN)L:                                   
- Sir Brian Pitman (Single company):                               9,632
- Lady Pitman (Single company):                                    9,875
- Lady Pitman (General):                                           2,180
LTSBR(ISA)NL:
- Sir Brian Pitman (Single company maxi ISA):                      1,957