Disposal

Lloyds TSB Group PLC
03 October 2007



117/07                                                            3 October 2007


LLOYDS TSB GROUP ANNOUNCES SALE OF THE DUTTON-FORSHAW GROUP LIMITED


Lloyds TSB Group's Asset Finance Division has agreed the disposal of The
Dutton-Forshaw Group Limited (DFG) to Lookers plc, for which it will receive £60
million (comprising £28 million of cash consideration and the repayment of £32
million of debt).  The effect on the Lloyds TSB Group accounts is not expected
to be material.


DFG is a medium-size car dealership with sales and after-sales dealerships and
authorised repairers representing 14 manufacturers.


David Oldfield, Managing Director, Lloyds TSB Asset Finance Division, said: "The
team in Dutton-Forshaw has made great progress in developing the business in
recent years and today DFG has very strong brand representation in good
locations.  Whilst we have seen benefits from the strong partnership between
Dutton-Forshaw and other parts of our Asset Finance Division businesses, the car
supply market has changed and in a consolidating industry we have concluded that
a disposal to the right party is in the best interests of shareholders, staff
and customers."


For further information:-


Investor Relations

Michael Oliver                                [phone]

Director of Investor Relations

Email: [e-mail]



Media

Mary Walsh                                    [phone]

Director of Corporate Relations

Email: [e-mail]



                           FORWARD LOOKING STATEMENTS

This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds TSB Group, its current goals and
expectations relating to its future financial condition and performance.  By
their nature, forward looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur in the future.
  The Group's actual future results may differ materially from the results
expressed or implied in these forward looking statements as a result of a
variety of factors, including UK domestic and global economic and business
conditions, risks concerning borrower credit quality, market related risks such
as interest rate risk and exchange rate risk in its banking business and equity
risk in its insurance businesses, changing demographic trends, unexpected
changes to regulation, the policies and actions of governmental and regulatory
authorities in the UK or jurisdictions outside the UK, including other European
countries and the US, changes in customer preferences, competition and other
factors.  Please refer to the latest Annual Report on Form 20-F filed with the
US Securities and Exchange Commission for a discussion of such factors.  The
forward looking statements contained in this announcement are made as at the
date of this announcement, and the Group undertakes no obligation to update any
of its forward looking statements.


                      This information is provided by RNS
            The company news service from the London Stock Exchange