Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
3 August 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, today transferred 2,579 and 133,556 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 988,708 and 618,457 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.