RNS Number:9299W
Merrill Lynch International
9 January 2001


AMENDMENT

                            FORM 38.5 (SUMMARY)                               
                 

Lodge with Company Announcements Office and the Panel.  Use a separate form   
                                             
for each class of securities in which dealings have been made.                
                                


                       CONNECTED EXEMPT MARKET-MAKERS:                        
                        
    DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS      
                                          



Name of EMM               Merrill Lynch International                         
          


Date of disclosure        January 9, 2001                              
    


Contact name              John Wynn                                   


Telephone number          020 7772 1038                                  



Please see attached disclosure of dealings under Rule 38.5 in the securities  
                                              
of the following companies:                                                 

Lloyds TSB Group Plc                                                  

                                                 
                                                 
                                                 
                                                 
                                                 

AMENDMENT                                                 

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
                                                
state which element(s) of previous disclosure was incorrect:                  
                              

Lloyds TSB Group Plc  (05/01/01) - amendment to shares bought and sold        
                                        
                                                 
                                                 
                                                 
                                                 
In the case of option business or dealings in derivatives full details should 
                                               
be given on a separate sheet so that the nature of the dealings can be fully  
                                              
understood.  For options this should include the number of securities under   
                                             
option, the exercise period (or in the case of exercise, the exercise date),  
                                              
the exercise price and any option money paid or received.  For derivatives    
                                            
this should include, at least, the number of reference securities to which    
                                            
they relate (when relevant), the maturity date (or if applicable the closing  
                                              
out date) and the reference price.                                            
    

For full details of disclosure requirements see Rules 8 and 38 of the Code.   
                                             
If in doubt contact the Monitoring Section of the Panel,                      
                          
Tel. No: 0171 638 0129                                                 

                                                 
AMENDMENT                                                 
                                       FORM 38.5                              
                  
                                                 
                                                 
                          CONNECTED EXEMPT MARKET-MAKERS:                     
                           
     DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS     
                                           



Dealing in                      Lloyds TSB Group Plc     (name of company)      


Class of security               Ordinary                                   

Date of disclosure              9/1/2001                                   

Date of dealing                 5/1/2001                                   
                                                 
Name of EMM                     Merrill Lynch International                   
                             

Name of offeree/offeror with whom connected       Lloyds TSB Group Plc        
             
                                                 
                                                 



Total number of securities purchased                            3,267,041     
               
                                                 
Highest price paid*                                             #7.76         
           
                                                 
Lowest price paid*                                              #7.4125       
             
                                                 
                                                 
                                                 
                                                 
                                                 
Total number of securities sold                                 3,651,846     
               
                                                 
Highest price received*                                         #7.76         
           
                                                 
Lowest price received*                                          #7.48         
           



*Currency must be stated