Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
30 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

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

30.6.2000

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

4,374

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.....30 June 2000

Lloyds TSB Group plc
Sir Brian Pitman

Section 4

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

Sir Brian Pitman:                                   2,385,334
Lady Pitman:                                          166,310
Lloyds TSB Share Schemes Trustees Limited
    (LTSBSSTL):                                         3,005
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 (Singapore company maxi ISA:         1,957

Sections 3, 5, 6, 7, 12 and 13

30 shares were purchased by LB(PN)L on 22nd June 2000 at 624p per share for Sir
Brian Pitman's single company PEP an 32 shares were similarly purchased for Lady
Pitman's single company PEP.

LB(PN)L notify investors by post of details relating to changes affecting
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 the PEP
manager.

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):                  9,662
-  Lady Pitman (Single company):                       9,907
-  Lady Pitman (General):                              2,180
LTSBR(ISA)NL:
-  Sir Brian Pitman (Single company maxi ISA):         1,957