Bonus Issue

Royal Bank of Scotland Group PLC
04 May 2007



Company Announcement

The Royal Bank of Scotland Group plc

Bonus Issue

4 May 2007

The Royal Bank of Scotland Group plc ('the Company') confirms that following its
announcement on 26 April 2007 regarding its proposed Bonus Issue, application
has been made for admission to the Official List of the UK Listing Authority and
to trading on the London Stock Exchange for 6,304,298,670 Ordinary Shares of 25
pence each (the 'New Shares'). The New Shares will be issued fully paid and will
rank pari passu in all respects with the existing Ordinary Shares of the Company
but will exclude the right to receive the final dividend for the financial year
ended 31 December 2006. It is expected that the listing of the New Shares will
become effective and that dealings will commence on 8 May 2007.

The Company has made a separate application to increase the approved but
unallotted shares held under existing blocklistings in respect of The Royal Bank
of Scotland Group plc employee share schemes. The application is for 71,214,822
Ordinary Shares of 25 pence each (the 'Block Listing Shares') to be admitted to
the Official List of the UK Listing Authority and to trading on the London Stock
Exchange.

The Block Listing Shares will be issued pursuant to the exercise or vesting of
awards granted under the following employee share schemes:

+---------------------------------------------------------+------------+
|                                                         |            |
| Scheme                                                  |   No. of   |
|                                                         |   Shares   |
|                                                         |  applied   |
|                                                         |    for     |
+---------------------------------------------------------+------------+
|                                                         |            |
| The Royal Bank of Scotland Group plc 1997 Sharesave     | 25,639,176 |
| Scheme                                                  |            |
+---------------------------------------------------------+------------+
|                                                         |            |
| The Royal Bank of Scotland Group plc 1999 Executive     | 15,934,790 |
| Share Option Scheme                                     |            |
|                                                         |            |
+---------------------------------------------------------+------------+
|                                                         |            |
| The 1999 NatWest Group Sharesave Scheme                 |  4,269,314 |
+---------------------------------------------------------+------------+
|                                                         |            |
| The National Westminster Bank plc 1994 Executive Share  |  2,097,192 |
| Option Scheme                                           |            |
+---------------------------------------------------------+------------+
|                                                         |            |
| The Royal Bank of Scotland Group plc Option 2000 Scheme |  9,129,600 |
+---------------------------------------------------------+------------+
|                                                         |            |
| The Royal Bank of Scotland Group plc Employee Share     | 10,458,920 |
| Ownership Plan and The Royal Bank of Scotland Group plc |            |
| Employee Share Ownership Plan (Buy As You Earn Plan)    |            |
+---------------------------------------------------------+------------+
|                                                         |            |
| The First Active plc 1998 SAYE Scheme                   |    495,892 |
+---------------------------------------------------------+------------+
|                                                         |            |
| The First Active plc 2001 SAYE Scheme                   |    429,846 |
+---------------------------------------------------------+------------+
|                                                         |            |
| The First Active plc 1998 Share Option Scheme           |    490,436 |
+---------------------------------------------------------+------------+
|                                                         |            |
| The First Active plc 2002 Approved Share Option Scheme  |    461,768 |
+---------------------------------------------------------+------------+
|                                                         |            |
| The Royal Bank of Scotland Group plc Medium-term        |  1,807,888 |
| Performance Plan                                        |            |
+---------------------------------------------------------+------------+
|                                                         |            |
|                                                   TOTAL | 71,214,822 |
+---------------------------------------------------------+------------+

The Block Listing Shares will be issued fully paid and will rank pari passu in
all respects with the existing ordinary shares of the Company.

Further copies of this announcement are available at the Company's Offices at 36
St Andrew Square, Edinburgh, EH2 2YB and at the Company Announcement's
Department, The Stock Exchange.



                      This information is provided by RNS
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