FRN Variable Rate Fix

Royal Bank of Scotland Group PLC
                  

As Agent Bank, please be advised of the following rate determined on:15-Dec-2005

Issue               : The Royal Bank of Scotland Group Plc - Series 2396
                      GBP 80,000,000 FRN Due 15 Sep 2008
ISIN Number         : XS0230111154
Common Code/
144A ISIN           : 23011115
Issue Nomin     GBP : 80,000,000.00
Period              : 15-Dec-2005 to 15-Mar-2006     Payment Date 15-Mar-2006
Number of Days      : 90
Rate                : 4.64375
Denomination    GB  : 100,000.00    80,000,000.0
Amount Payable 
per Denomination    : 1,145.03      916,027.40

Institutional       Telephone   [phone]
Trust Services      Facsimile   44(0) 1202 34 1267