Dividend Declaration

Royal Bank of Scotland Group PLC
04 November 2002

THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON ADDITIONAL VALUE SHARES



The Directors have declared the specified dividend on the Additional Value
Shares for the period to 1 December 2002. The dividend will be paid on 2
December 2002 at a rate of 30p per share. The record date for the Additional
Value Shares is 15 November 2002 and the shares will be marked ex-dividend on 13
November 2002.



 4 November 2002



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