Scrip Dividend

Royal Bank of Scotland Group PLC
26 April 2002

THE ROYAL BANK OF SCOTLAND GROUP plc



In accordance with section 9.31(a) and 9.32 of the UK Listing Authority rules,
The Royal Bank of Scotland Group plc has today submitted to the Document Viewing
Facility the circular Letter to Shareholders together with the Form of Election
in connection with the offer of shares in lieu of a cash dividend.



26 April 2002



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