Directors' Dealings

Lloyds TSB Group PLC
2 December 1999

          
Lloyds 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 7,391 and 53,393 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 2,621,558 and 1,386,627 shares, respectively, held
by these trusts.

                          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.