Dividend Declaration

Royal Bank of Scotland Group PLC
26 August 2004


THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON SERIES D, SERIES E, SERIES F, SERIES G, SERIES H, SERIES I, SERIES J
AND SERIES K NON-CUMULATIVE DOLLAR PREFERENCE SHARES of US$0.01 FOR THE THREE
MONTHS TO 30 SEPTEMBER 2004


The Directors have declared the specified dividends on the undernoted Series of
non-cumulative dollar preference shares, all of which are represented by
American Depositary Shares, for the three months to 30 September 2004. The
dividends will be paid on 30 September 2004 at the undernoted rates to holders
on the register at the close of business on 15 September 2004. As at the date of
this announcement all of the undernoted Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the undernoted
American Depositary Shares is 15 September 2004.

Series                                             Dividend payable per share
Series D                                           US$0.51328125
Series E                                           US$0.50625
Series F                                           US$0.478125
Series G                                           US$0.4625
Series H                                           US$0.453125
Series I                                           US$0.50
Series J                                           US$0.53125
Series K                                           US$0.4921875


26 August 2004

End




THE ROYAL BANK OF SCOTLAND GROUP plc


DIVIDEND ON SERIES 1 AND SERIES 2 NON-CUMULATIVE CONVERTIBLE DOLLAR PREFERENCE
SHARES OF US$0.01 FOR THE PERIOD TO 30 SEPTEMBER 2004



The Directors have declared the specified dividends on the undernoted series of
non-cumulative convertible dollar preference shares, all of which are
represented by American Depositary Shares, for the six months to 30 September
2004. The dividends will be paid on 30 September 2004 at the undernoted rates to
holders on the register at the close of business on 15 September 2004. As at the
date of this announcement all of the undernoted non-cumulative dollar preference
shares are held by The Bank of New York, N.A. as Depositary who have advised
that the record date for the American Depositary Receipts which evidence the
undernoted American Depositary Shares is 15 September 2004.

Series                                             Dividend payable per share
Series 1                                           US$45.59
Series 2                                           US$44.085


26 August 2004

End




                      This information is provided by RNS
            The company news service from the London Stock Exchange