Directors' Dealings

Lloyds TSB Group PLC
28 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 14,615 and 48,697 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 2,532,049 and 1,512,598 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.