Director/PDMR Shareholding

Royal Bank of Scotland Group PLC
17 January 2007






The Royal Bank of Scotland Group plc - Director/PDMR Shareholding

Notification of Directors' Interests:

On 17 January 2007 Bedell Trustees Limited as Trustee of The Royal Bank of
Scotland Group 2001 Employee Share Trust (the 'Trust') released from the Trust
19,200 ordinary shares of 25 pence in The Royal Bank of Scotland Group plc (the
'Company') in satisfaction of share options exercised by employees of the
Company and its subsidiaries.

The Trust is a discretionary trust for the benefit of employees of the Company
and its subsidiaries. The executive directors of the Company, namely Sir Fred
Goodwin, John Alastair Nigel Cameron, Lawrence Kingsbaker Fish, Mark Andrew
Fisher, Gordon Francis Pell and Guy Robert Whittaker, are potential
beneficiaries of the Trust and are therefore deemed to be interested in shares
held under the Trust for the purposes of Section 324 of the Companies Act 1985.

Following the above transaction, the Trustee of the Trust holds 5,346,204
ordinary shares in the Company.




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