Rule 8.3- London Stock Exch

Royal Bank of Scotland Group PLC
23 January 2006

                                    FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

              (Rule 8.3 of the City Code on Takeovers and Mergers)



1.     KEY INFORMATION


Name of person dealing (Note 1)

The Royal Bank of Scotland plc (a wholly-owned subsidiary of The Royal Bank of
Scotland Group plc)

Company dealt in

London Stock Exchange plc

Class of relevant security to which the dealings being disclosed relate (Note 2)

Ordinary 0.058333 shares

Date of dealing

20/1/06



2.     INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)     Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)






                                      Long                   Short
                                  Number       (%)         Number (%)

(1) Relevant securities          5,135,123     2.01


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell

Total                             5,135,123    2.01



(b)     Interests and short positions in relevant securities of the
        company, other than the class dealt in (Note 3)



Class of relevant security:

                                      Long                             Short
                                   Number (%)                        Number (%)

(1) Relevant securities


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell


Total




(c)     Rights to subscribe (Note 3)


Class of relevant security:            Details




3.     DEALINGS (Note 4)

(a)     Purchases and sales


Purchase/sale                    Number of securities    Price per unit (Note 5)

Sale                                    350,000                 6.938189



(b)     Derivatives transactions (other than options)


Product name,
e.g. CFD                   Long/short (Note 6)  Number of securities (Note 7)   Price per unit (Note 5)





(c)     Options transactions in respect of existing securities

(i)     Writing, selling, purchasing or varying


Product name,      Writing, selling, purchasing, Number of securities to   Exercise   Type, e.g.  Expiry   Option money
e.g. call option   varying etc.                  which the option relates    price    American,   date    paid/received
                                                 (Note 7)                            European etc.     per unit (Note 5)





(ii)     Exercising


Product name, e.g. call option               Number of securities                    Exercise price per unit (Note 5)



(d)     Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)                Details                      Price per unit (if applicable) (Note 5)





4.     OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.


Is a Supplemental Form 8 attached? (Note 9)      NO


Date of disclosure                               23/1/06

Contact name                                     Richard Hopkins

Telephone number                                 020 7714 4459

If a connected EFM, name of offeree/offeror with 
which connected                                  N/A

If a connected EFM, state nature of connection
 (Note 10)                                       N/A



Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


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