Directors' Notification of Dealing in Shares(s)

Royal Bank of Scotland Group PLC
8 September 2000


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
The Royal Bank of Scotland Group plc

2   Name of director:
Frederick Inglis Watt

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
Self

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Self

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
Self

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Grant of 70,148 Share Options under the Executive Share Option Scheme

7   Number of shares/amount of stock acquired:
-

8   Percentage of issued class:
-

9   Number of shares/amount of stock disposed:
-

10  Percentage of issued class:
-

11  Class of security:
-

12  Price per share:
-

13  Date of transaction:
4 September 2000

14  Date company informed:
7 September 2000

15  Total holding following this notification:
-

16  Total percentage holding of issued class following this notification:
-

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
4 September 2000

18  Period during which or date on which exercisable:
4 September 2003 - 3 September 2010

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

20  Description of shares or debentures involved: class, number:
Ordinary shares of 25p each

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
£12.83

22  Total number of shares or debentures over which options held following
this notification:
70,148

23  Contact name for queries:
Hew Campbell, Head of Group Secretariat

24  Contact telephone number:
0131 523 4711

25  Name of company official responsible for making notification:
Hew Campbell, Head of Group Secretariat


Additional Information: