FRN Variable Rate Fix

Royal Bank of Scotland Group PLC
                  

As Agent Bank, please be advised of the following rate determined on:27-MAR-2006

Issue               : Royal Bank of Scotland plc - Series 594
                      GBP 2,940,000 FRN Due 28 Jun 2007
ISIN Number         : XS0161385173
Common Code/
144A ISIN           : 16138517
Issue Nomin     GBP : 2,940,000.00
Period              : 27-MAR-2006 to 27-JUN-2006      Payment Date 27-JUN-2006
Number of Days      : 92
Rate                : 4.44  
Denomination    GB  : 10,000.00
Amount Payable 
per Denomination    : 111.91

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