80PL Natwest Gr Frcn

    Royal Bank of Scotland Group plc

As Agent Bank, please be advised of the following rate determined on: 19-Jun-2006

Issue               : The Royal Bank of Scotland 
                      USD 350,000,000.00 Undated FR Primary Capital Notes  
ISIN Number         : GB0007547507
Common Code/        : 7547507
144A ISIN
Issue Nomin     USD : 350,000,000.00
Period              : 21-Jun-2006 to 21-Dec-2006          Payment Date 21-Dec-2006
Number of Days      : 183
Rate                : 5.75                         
Denomination USD    : 10,000.00             250,000.00                    

Amount Payable 
per Denomination    : 292.29                7,307.29            

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44 (0) 1202 34 1267

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