Directors' Dealings

LLOYDS TSB GROUP PLC


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

LLOYDS TSB GROUP PLC

2)   NAME OF DIRECTOR

SIR NICHOLAS GOODISON

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 NON-BENEFICIAL INTEREST

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

SEE APPENDIX

10)  ( N/A %)
    of issued Class

MINIMAL

11)  Class of security

ORDINARY SHARES OF 25P EACH 

12)  Price per share

SEE APPENDIX 

13)  Date of transaction

3.8.99

14)  Date company informed

4.8.99

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

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

115,769

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries


A.J. MICHIE, SECRETARY  0171-356 1043


25)  Name and signature of authorised company official
     responsible for making this notification

     Date of Notification... 4TH AUGUST 1999 ...........



APPENDIX

LLOYDS TSB GROUP PLC
SIR NICHOLAS GOODISON

                              SCHEDULE 11
        NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTION PERSONS

SECTION 4

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

     Sir Nicholas Goodison:                                   552,723
     Lady Goodison:                                           200,000
     Lloyds Bank Profit Sharing Trustees Limited (LBPSTL):      3,267

                                                            Non beneficial
     D.E.Hain marriage settlement (DEHMS):                     10,000
     Barrie Catchpole Charitable Trust (BCCT):                  2,050
     Harewood House Trust (HHT):                               14,000
     Marlburian Club Charitable Trust (MCCT):                  16,000

SECTIONS 5, 6, 7, 9 AND 12

On 3rd August 1999, Sir Nicholas Goodison gave 50,000 Lloyds TSB Group shares to
the Sir Nicholas and Lady Goodison Charitable Settlement (SN&LGCS).

SECTION 15

Total holding following this notification:

     Sir Nicholas Goodison:                                   502,723
     Lady Goodison:                                           200,000
     LBPSTL:                                                    3,267

                                                         Non beneficial
     DEHMS:                                                    10,000
     BCCT:                                                      2,050
     HHT:                                                      14,000
     MCCT:                                                     16,000
     SN&LGCS                                                   50,000