Directors' Dealings

Lloyds TSB Group PLC
14 January 2000


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,  yesterday  transferred  2,509  and  151,682   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 2,554,368 and 1,640,030 shares, respectively,  held
by these trusts.

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

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