Dividend on 11 & 5.5%

Royal Bank of Scotland Group PLC
22 November 2000


THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON 11 PER CENT AND 5.5 PER CENT CUMULATIVE PREFERENCE SHARES FOR THE
HALF YEAR TO 31 DECEMBER 2000


The Directors have declared a half-yearly dividend on the 11 per cent and 5.5
per cent cumulative preference shares of £1.  The dividend will be paid on 29
December 2000 at the rate of 5.5 per cent and 2.75 per cent respectively and
will be paid to those preference shareholders on the register at the close of
business on 8 December 2000.