Intention to Issue Securities

Royal Bank of Scotland Group PLC
27 November 2006

The Royal Bank of Scotland Group plc

THE ROYAL BANK OF SCOTLAND GROUP PLC PLANS TO ISSUE FIXED/FLOATING RATE
NON-CUMULATIVE TRUST PREFERRED SECURITIES

The Royal Bank of Scotland Group plc ('RBSG') intends to issue Fixed/Floating
Rate Non-Cumulative Trust Preferred Securities (the 'Securities') denominated in
Sterling through RBS Capital Trust D.

Application will be made to the UK Listing Authority for the Securities to be
admitted to the official list of the UK Listing Authority and to the London
Stock Exchange plc (the 'LSE') for the Securities to be admitted to trading on
the LSE's Professional Securities Market. It is expected that the Securities
will qualify as Innovative Tier One Capital for RBSG. It is intended that the
net proceeds of the offering will be used for general corporate purposes.

The Group is being advised in connection with the issue by RBS Global Banking &
Markets.

The Securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the 'Securities Act'), or under any state
securities laws and may not be offered, sold or delivered in the United States,
or to or for the account or benefit of US persons (as defined under Regulation S
under the Securities Act) unless registered under the Securities Act or an
exemption from the registration requirements of the Securities Act is available.
The Securities are being offered and sold only to certain persons in
transactions outside the United States in compliance with Regulation S under the
Securities Act.

For further information, please contact:


The Royal Bank of Scotland Group plc;

Guy Whittaker                          Ron Huggett

Group Finance Director                 Director, Capital Management

RBS Gogarburn                          280 Bishopsgate

Edinburgh                              London

EH12 1HQ                               EC2M 4RB

Tel: [phone]                     Tel: [phone]



Royal Bank of Scotland Global Banking & Markets

Gordon Taylor

Director, Primary Markets

135 Bishopsgate

London

EC2M 3UR

Tel: [phone]


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