Directors' Dealings

LLOYDS TSB GROUP PLC
14 October 1999


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 27,322 and 221,351 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 2,734,479 and 1,979,279 shares, respectively, held
by these trusts.

          Mr M K Atkinson
          Mr P B Ellwood
          Mr M E Fairey
          Sir Nicolas 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.