Directors' Dealings

Lloyds TSB Group PLC
4 February 2000


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 6,084 and 74,650 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 2,525,965 and 1,437,948 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

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