Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
5 July 2000

Lloyds TSB Group plc - Notification of interests of directors

Lloyds TSB Quest Limited, as trustee of the Lloyds TSB qualifying share
ownership trust, was allotted 1,288,244 shares in Lloyds TSB Group plc on 28th
June 2000 at 621p per share and 204,402 shares in Lloyds TSB Group plc on 29th
June 2000 at 636p per share.

Lloyds TSB Share Schemes Trustees Limited, as trustee of the TSB Group employee
trust, and Lloyds TSB Quest Limited have transferred 35,993 and 1,118,080
shares, respectively, to individuals who had exercised share options granted
under the group's employee share schemes.

Also, the TSB Group employee trust holding was adjusted to correct an error
reflected in the notification to the stock exchange on 28th April 2000.  On that
occasion, we reported that 506,054 shares had been transferred from the trust,
whereas the correct figure was 283,020 shares.

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 1,019,535 and 1,338,759 shares, respectively, held
by these trusts.

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