Disposal

Lloyds TSB Group PLC
22 February 2006




21/06
                                        22 February 2006


LLOYDS TSB ANNOUNCES AGREEMENT TO THE SALE OF ITS BUSINESS IN PARAGUAY

Lloyds TSB Bank plc has today entered into an agreement to sell its business in
Paraguay to HSBC Latin America Holdings (UK) Limited, a subsidiary of HSBC
Holdings plc.  The sale remains subject to regulatory approvals.  The gross
assets of the business to be sold totalled circa £100 million at 31 December
2005 and the impact of the sale on Lloyds TSB Group results is not expected to
be material.



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 and its current goals and
expectations relating to its future financial condition and performance.
Statements that are not historical facts, including statements about Lloyds TSB
Group's or management's beliefs and expectations, are forward looking
statements.  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.  Lloyds TSB 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 businesses and equity risk in its insurance businesses, inherent risks
regarding changing demographic developments, catastrophic weather and similar
contingencies outside Lloyds TSB Group's control, any adverse experience in
inherent operational risks, any unexpected developments in regulation or
regulatory actions, changes in customer preferences, competition, industry
consolidation, acquisitions and other factors.  For more information on these
and other factors, please refer to Lloyds TSB Group's Annual Report on Form 20-F
filed with the US Securities and Exchange Commission and to any subsequent
reports furnished by Lloyds TSB Group to the US Securities and Exchange
Commission or to the London Stock Exchange.  The forward looking statements
contained in this announcement are made as of the date hereof, and Lloyds TSB
Group undertakes no obligation to update any of its forward looking statements.




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