Directors' Dealings

LLOYDS TSB GROUP PLC
29 July 1999


Lloyds TSB Group plc - Notification of interests of directors
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Lloyds Bank Profit Sharing Trustees Limited, as trustee of the TSB Group
employee trust, today transferred 13,952 shares 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 trust and are therefore treated as having ceased
to be interested in the shares transferred.  They are however still interested
in the remaining 4,320,029 shares held by that trust.

                    Mr. M.K. Atkinson
                    Mr. P.B. Ellwood
                    Mr. M.E. Fairey
                    Sir Nicholas Goodison
                    Mr. S.A. Maran
                    Mr. A.E. Moore
                    Mr. G.F. Pell
                    Sir Brian Pitman
                    Mr. D.P. Pritchard

This notification is made to comply with paragraph 16.13 of the listing rules.