Holding(s) in Company

Royal Bank of Scotland Group PLC
3 May 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

The Royal Bank of Scotland Group plc

2) Name of shareholder having a major interest

AXA S.A.

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

AXA S.A.


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Chase Nominees Ltd


5) Number of shares/amount of stock acquired



6) Percentage of issued class



7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security

5.5% Cumulative Preference Shares of £1.00 each

10) Date of transaction

29 April 2002

11) Date company informed

1 May 2002

12) Total holding following this notification

81,000 cumulative preference shares of £1.00 each

13) Total percentage holding of issued class following this notification

20.25%



14) Any additional information

No change in beneficial ownership - shares transferred from Guardian Royal


Exchange to AXA S.A.

15) Name of contact and telephone number for queries

Hew Campbell, Head of Group Secretariat 0131 523 4711



16) Name and signature of authorised company official responsible for
making this notification


Hew Campbell, Head of Group Secretariat 0131 523 4711


Date of notification 3 May 2002





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