Directors' Dealings

LLOYDS TSB GROUP PLC
21 October 1999


Lloyd's TSB Group plc - Notification of interests of directors


Lloyds TSB Share Schemes Trustees Limited, as trustee of the TSB Group employee
trust, and Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying
share ownership trust, today transferred 34,080 and 130,359 shares,
respectively, 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 trusts and are therefore to be treated as
interested in the remaining 2,700,399 and and 1,848,920 shares respectively,
held by these trusts.

Mr  MK Atkinson
Mr  PB Ellwood
Mr  ME Fairey
Sir Nicholas Goodison
Mr SA  Maran
Mr AE Moore
Mr GF Pell
Sir Brian Pitman
Mr  DP Pritchard

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