Directors' Dealings

Lloyds TSB Group PLC
7 March 2000



Dated:  3 March 2000



Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying share
ownership trust, yesterday transferred 29,941 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 to be treated as
interested in the remaining 952,439 shares held by this trust.

                      Mr M.K. Atkinson
                      Mr P.B. Ellwood
                      Mr M.E. Fairey
                      Sir Nicholas Goodison
                      Mr D. Holt
                      Mr A.G. Kane
                      Mr A.E. Moore
                      Sir Brian Pitman
                      Mr D.P. Pritchard

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