Final Terms

Royal Bank of Scotland Group PLC
20 January 2006

Publication of Final Terms

The following Final Terms are available for viewing:

Final Terms for The Royal Bank of Scotland plc's £250,000,000 4.50 per cent.
Notes due January 2009 (the 'Notes') issued under its £35,000,000,000
Medium-Term Note Programme (the 'Programme')

The Final Terms contain the final terms of the Notes and must be read in
conjunction with the Prospectus dated 12 August 2005 and the supplemental
Prospectuses dated 30 September 2005 and 6 January 2006 respectively (together,
the 'Prospectus') relating to the Programme, which constitutes a base prospectus
for the purposes of the Prospectus Directive.

To view the full document, please paste the following URL into the address bar
of your browser.


http://www.rns-pdf.londonstockexchange.com/rns/2439x_-2006-1-20.pdf


A copy of the Final Terms and the Prospectus to which they relate are also
available to the public for inspection at the UK Listing Authority's Document
Viewing Facility, 25 The North Colonnade, Canary Wharf, London E14 5HS.

For further information, please contact:

Ron Huggett
Director, Capital Management
The Royal Bank of Scotland Group plc
5th Floor
280 Bishopsgate
London EC2M 4RB

TEL:      [phone]
FAX:     [phone]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Final Terms (when read
together with the information in the Prospectus) may be addressed to and/or
targeted at persons who are residents of particular countries (specified in the
Prospectus) only and is not intended for use and should not be relied upon by
any person outside these countries and/or to whom the offer contained in the
Final Terms and the Prospectus is not addressed. Prior to relying on the
information contained in the Final Terms and the Prospectus, you must ascertain
from the Prospectus whether or not you are one of the intended addressees of the
information contained therein.

Your right to access this service is conditional upon complying with the above
requirement.


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