Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
17 August 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, today transferred 4,440 and 68,467 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 980,778 and 2,801,294 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.