Director/PDMR Shareholding

Royal Bank of Scotland Group PLC
02 November 2006

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)       An issuer making a notification in respect of a transaction relating to the shares or debentures of the
          issuer should complete boxes 1 to 16, 23 and 24.
(2)       An issuer making a notification in respect of a derivative relating to the shares of the issuer should
          complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)       An issuer making a notification in respect of options granted to a director/person discharging
          managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)       An issuer making a notification in respect of a financial instrument relating to the shares of the
          issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes in block capital letters.

1. Name of the issuer

The Royal Bank of Scotland Group plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

i

3. Name of person discharging managerial responsibilities/director

Annette Elizabeth Court

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 3

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary shares of £0.25

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

Annette Elizabeth Court

8 State the nature of the transaction


        Acquisition and disposal of shares pursuant to exercise of Executive
        Share Options (see table below)

9. Number of shares, debentures or financial instruments relating to shares
acquired

74,395

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

-

11. Number of shares, debentures or financial instruments relating to shares
disposed

74,395

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

-

13. Price per share or value of transaction


Type of Transaction                    No. of Shares         Price per share

Exercise of The Royal Bank 
of Scotland Group plc, 
Executive Share Option Scheme- 1999     2,695                  £11.18

Exercise of The Royal Bank of 
Scotland Group plc, Executive 
Share Option Scheme - 2000             12,500                  £12.87

Exercise of The Royal Bank of 
Scotland Group plc, Executive 
Share Option Scheme - 2001             12,800                  £17.18

Exercise of The Royal Bank of 
Scotland Group plc, Executive 
Share Option Scheme - 2002             15,200                  £18.18

Exercise of The Royal Bank of 
Scotland Group plc, Executive 
Share Option Scheme - 2003             31,200                  £12.37

Sale of ordinary shares 
of 25p each                            74,395                  £18.85

14. Date and place of transaction

1 November 2006

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

6,377

16. Date issuer informed of transaction

1 November 2006

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17 Date of grant

-

18. Period during which or date on which it can be exercised

-

19. Total amount paid (if any) for grant of the option

-

20. Description of shares or debentures involved (class and number)

-

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

-

22. Total number of shares or debentures over which options held following
notification

-

23. Any additional information

-

24. Name of contact and telephone number for queries

Hew Campbell, Head of Group Secretariat

0131 626 4099

Name and signature of duly authorised officer of issuer responsible for making
notification

Hew Campbell, Head of Group Secretariat

Date of notification

1 November 2006





NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)       An issuer making a notification in respect of a transaction relating to the shares or debentures of the
          issuer should complete boxes 1 to 16, 23 and 24.
(2)       An issuer making a notification in respect of a derivative relating to the shares of the issuer should
          complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)       An issuer making a notification in respect of options granted to a director/person discharging
          managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)       An issuer making a notification in respect of a financial instrument relating to the shares of the
          issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes in block capital letters.

1. Name of the issuer

The Royal Bank of Scotland Group plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

i

3. Name of person discharging managerial responsibilities/director

John Napier Allan

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 3

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary shares of £0.25

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

John Napier Allan

8 State the nature of the transaction


        Acquisition of shares pursuant to exercise of Executive Share Options
        (see table below)

9. Number of shares, debentures or financial instruments relating to shares
acquired

70,438

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

-

11. Number of shares, debentures or financial instruments relating to shares
disposed

-

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

-

13. Price per share or value of transaction


Type of Transaction               No. of Shares           Price per share

Exercise of The Royal Bank 
of Scotland Group plc, 
Executive Share 
Option Scheme - 1999                40,038                   £11.18

Exercise of The Royal 
Bank of Scotland 
Group plc, Executive 
Share Option Scheme - 2003          30,400                   £12.37

14. Date and place of transaction

31 October 2006

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

274,609

16. Date issuer informed of transaction

1 November 2006

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17 Date of grant

-

18. Period during which or date on which it can be exercised

-

19. Total amount paid (if any) for grant of the option

-

20. Description of shares or debentures involved (class and number)

-

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

-

22. Total number of shares or debentures over which options held following
notification

-

23. Any additional information

-

24. Name of contact and telephone number for queries

Hew Campbell, Head of Group Secretariat

0131 626 4099

Name and signature of duly authorised officer of issuer responsible for making
notification

Hew Campbell, Head of Group Secretariat

Date of notification

1 November 2006


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