Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
2 May 2000

Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Share Schemes Trustees Limited, as trustee of the TSB Group employee
trust, transferred 253,685 shares on Friday, 28th April 2000 and Lloyds TSB
Quest Limited, as trustee of the Lloyds TSB qualifying share ownership trust,
transferred 14,432,821 shares today 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 1,034,867 and 681,865 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.