Preference Share Launch

Royal Bank of Scotland Group PLC
7 December 2000




The Royal Bank of Scotland Group plc intends to issue around £200m perpetual
non-cumulative sterling denominated convertible preference shares. Royal Bank
of Scotland, Financial Markets and UBS Warburg are acting as joint lead
managers.

Fred Watt
Group Finance Director
42 St. Andrew Square
Edinburgh
EH2 2YE
Tel: [phone]

Ron Huggett
Capital Raising Director
Waterhouse Square
138-142 Holborn
London
EC1N 2TH
Tel: [phone]

7 December 2000