Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
24 March 2000

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, yesterday transferred 241 and 8,961 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 2,453,490 and 17,948,753 shares, respectively, held
by these trusts.

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
Mr. M. D. Ross

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