Pre-close Period Contact

Royal Bank of Scotland Group PLC 15 June 2001 THE ROYAL BANK OF SCOTLAND GROUP plc PRE-CLOSE PERIOD CONTACT WITH ANALYSTS The Royal Bank of Scotland Group plc ('RBSG') will be responding to analysts enquiries ahead of its close period for the half year ended 30 June 2001. The first half of 2001 has seen a continuation of the performance trend for 2000 which was reported on 1 March 2001. The integration of Royal Bank of Scotland and Nat West remains on track and we continue to be ahead of schedule in the delivery of the benefits envisaged. The IT integration programme is proceeding entirely according to plan and a number of key milestones have been achieved in the first half. Underlying business performance is strong with good income growth again being a feature of the first five months of 2001. Credit quality continues to be monitored closely and while there has been some evidence of weakening quality both in the US and the UK this, to date, has had no material impact on provision requirements. Margins remain flat although lower interest rates could have a minor negative effect going forward. The half year results for RBSG to 30 June 2001 will be announced on 7 August 2001. Commenting on this announcement, Fred Goodwin said 'Given that we are likely to be fielding questions from analysts at this time we felt it appropriate to make an announcement about progress for 2001 to date. We continue to feel extremely positive both about the integration of Nat West and the general progress being achieved by all parts of our organisation.' For further information contact: Fred Goodwin Group Chief Executive 0131 523 2033 Fred Watt Group Finance Director 0131 523 5171 Finlay Williamson Acting Head of Investor Relations 0131 523 2818 15 June 2001
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