Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
14 April 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 278,717 and 2,445,438 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 2,166,870 and 15,456,519 shares, respectively, held
by these trusts.

           Mr. M.K. Atkinson
           Mr. P.B. Ellwood
           Mr. M.E. Fairey
           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.