Directors' Dealings

LLOYDS TSB GROUP PLC
15 July 1999


NOTIFICATION OF INTERESTS OF DIRECTORS

Lloyds Bank Profit Sharing Trustees Limited, as trustees of the TSB Group
employee trust, today transferred 24,803 shares to individuals who had 
exercised share options granted under the group's employee share schemes.

The following directors together with some 70,000 other employees are 
potential beneficiaries of the trust and are therefore treated as having
ceased to be interested in the shares transferred.  They are however still
interested in the remaining 4,347,366 shares held by that trust.

                    Mr. M.K. Atkinson
                    Mr. P.B. Ellwood
                    Mr. M.E. Fairey
                    Sir Nicholas Goodison
                    Mr. S.A. Maran
                    Mr. A.E. Moore
                    Mr. G.F. Pell
                    Sir Brian Pitman
                    Mr. D.P. Pritchard

This notification is made to comply with paragraph 16.13 of the listing rules.