Directors' Notification of Dealing in Shares

Lloyds TSB Group PLC
13 July 2000

Letter to: Company Announcements Office

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 16,691 and 102,842 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 999,406 and 1,088,428 shares, respectively, held by
theses 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.

Letter from: Lloyds TSB