Directors' Dealings

Lloyds TSB Group PLC
17 March 2000

Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying share
ownership trust, was allotted 17,145,135 shares in Lloyds TSB Group plc on 16th
March, 2000 at 627p per share.

In addition, 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, yesterday transferred 5,208 and 111,512
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 2,453,731 and 17,957,714 shares, respectively, held
by these trusts.

                    Mr M K Atkinson
                    Mr P B Ellwood
                    Mr M E Fairey
                    Sir Nicholas Goodison
                    Mr D Holt
                    Mr A G Kane
                    Mr A E Moore
                    Sir Brian Pitman
                    Mr D P Pritchard
                    Mr M D Ross

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