Directors' Dealings

RSN No 4215t
LLOYDS TSB GROUP PLC
2 August 1999

LLOYDS TSB GROUP PLC - NOTIFICATION OF INTERESTS OF DIRECTORS

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying share
ownership trust, today transferred 18,537,930 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 5,530,835 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.