Share Sale Agreeement for RBS

RNS Number : 6937N

Royal Bank of Scotland Group PLC

16 June 2010

 

June 16th 2010 

The Royal Bank of Scotland N.V. signs share sale agreement with Faysal Bank Limited for the purchase of RBS Pakistan

The Royal Bank of Scotland N.V. (formerly known as ABN AMRO Bank N.V.), a subsidiary undertaking of The Royal Bank of Scotland Group plc ("RBS"), has reached agreement for the sale of its 99.37% holding in ("RBS Pakistan") to Faysal Bank Limited ("Faysal") for a total consideration of EUR41M (approximately PKR 4,298M). This equates to approximately PKR 2.5 per ordinary share. RBS Pakistan has 1,717,981,391 ordinary shares listed on the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange.

The transaction is subject to regulatory approvals and is expected to complete in third Quarter of 2010.

For Further Information Contact:

Richard O'Connor

Investor Relations 

[phone]

Group Media Centre

Tel: [phone]

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