Publication of Prospectus

Royal Bank of Scotland Group PLC
21 November 2005



THE ROYAL BANK OF SCOTLAND GROUP PLANS

SECURITISATION

21st of November 2005

The Royal Bank of Scotland Group plc is pleased to announce that its principal
subsidiary The Royal Bank of Scotland plc plans to securitise part of its UK
credit card receivables, which it has done in the past, under its successful
Arran funding programme. Marketing will take place over the next couple of weeks
for a circa. US$3bn issue targeting both the 3 year and 5 year maturities with
pricing expected during the week commencing 5th December 2005. Attached to this
announcement is the Preliminary Final Terms document for Series 2005-A ('the
Securities') which will be filed with the SEC.

This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the Securities in any State of
the US in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the Securities Laws of any such State.
Further, no Securities will be offered to the public in the UK.


http://www.rns-pdf.londonstockexchange.com/rns/4053u_-2005-11-21.pdf


For further information, please contact;

The Royal Bank of Scotland Group plc

Richard O'Connor                                     Ron Huggett

Head of Investor Relations                           Director, Capital Management

280 Bishopsgate                                      280 Bishopsgate

London                                               London

EC2M 4RB                                             EC2M 4RB

Tel: [phone]                                   Tel: [phone]


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