Acquisition

Royal Bank of Scotland Group PLC
01 September 2003

RBS completes Acquisition of Churchill Insurance Group

The Royal Bank of Scotland Group plc has completed the acquisition of Churchill
Insurance Group plc, announced on 11 June 2003, having received all regulatory
approvals.



For Further Information Contact:

The Royal Bank of Scotland Group plc


Media
Howard Moody
Tel: + 44 207 672 1938 or + 44 7768 033562

Carolyn McAdam
Tel: [phone] (today only) or [phone] (mobile)

Investor Relations
Richard O'Connor
Tel: [phone]; or [phone],


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