Asset Protection Scheme

RNS Number : 4227Z

Royal Bank of Scotland Group PLC

21 September 2009

 

The Royal Bank of Scotland Group plc ('RBS') - Press Release

Released 21-Sep-2009 

RBS notes recent press comments regarding its participation in the Asset Protection Scheme ('APS') and any associated capital raising. RBS is currently in negotiations with Her Majesty's Government regarding finalisation of the terms of the scheme, which will be subject to approval by the European Commission.  

As part of our overall assessment of the APS, ahead of the Board of RBS making a recommendation to shareholders, the Group is considering whether there are any partial alternatives to the issuance of 'B' shares to the Government. These considerations are tentative only and there are no firm plans to put to the Board or the shareholders of RBS at the current time.

For further information, please contact:

Richard O'Connor

Head of Investor Relations

TEL: [phone]

Andrew McLaughlin

Group Director, Communications

TEL: [phone]

Neil Moorhouse

Group Media Relations

TEL: [phone]

 

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