Dividend Declaration

Royal Bank of Scotland Group PLC
27 May 2005



THE ROYAL BANK OF SCOTLAND GROUP plc

QUARTERLY DIVIDEND ON SERIES N NON-CUMULATIVE DOLLAR PREFERENCE SHARES of
US$0.01 FOR THE PERIOD 19 MAY 2005 TO 30 JUNE 2005



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 period 19 May 2005 to 30 June 2005. The
dividends will be paid on 30 June 2005 at the undernoted rates to holders on the
register at the close of business on 15 June 2005. 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 June 2005.


Series                                                Dividend payable per share

Series N                                              US$0.1807986




27 May 2005

End








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