Directors' Dealings

Lloyds TSB Group PLC
8 March 2000


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY      

    LLOYDS TSB GROUP PLC


2)  NAME OF DIRECTOR

    MICHAEL DAVID ROSS

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

    N/A

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    N/A

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    N/A

7)  Number of shares/amount of
    stock acquired

     N/A

8)   (N/A % )
    of issued Class

9)  Number of shares/amount
    of stock disposed

    N/A

10)  (N/A % )
   of issued Class

11) Class of security

    -

12) Price per share

    -

13) Date of transaction

    N/A

14) Date company informed

    N/A

15) Total holding following this notification

    N/A

16) Total percentage holding of issued class following this notification

     NIL

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

    06/03/2000

18) Period during which or date on which exercisable

    06/03/2003 TO 05/03/2010

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

    NIL

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

     ORDINARY SHARES OF 25P - 265,696

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

     549.5P

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

    265,696

23) Any additional information

    -

24) Name of contact and telephone number for queries

    A J MICHIE, SECRETARY - 020 7356 1043

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

    Date of Notification.......8TH MARCH, 2000...........................