FRN Variable Rate Fix

Royal Bank of Scotland Group PLC
                  

As Agent Bank, please be advised of the following rate determined on:18-Jan-2006

Issue               : The Royal Bank of Scotland plc - Series 595
                      GBP 5,080,000 FRN due 19 Apr 2007
ISIN Number         : XS0161270946
Common Code/
144A ISIN           : 16127094
Issue Nomin     GBP : 5,080,000.00
Period              : 18-Jan-2006 to 18-Apr-2006      Payment Date 18-Apr-2006
Number of Days      : 90
Rate                : 4.44
Denomination    GB  : 10,000.00
Amount Payable 
per Denomination    : 109.48

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