Statement re Scrip Dividend

Royal Bank of Scotland Group PLC
10 October 2002

The Royal Bank of Scotland Group plc (the 'Company')

Scrip Dividend - Application for Admission

1,247,666 new ordinary shares of 25p each in the Company ('New Shares') have
been allotted as fully paid up under the Company's Scrip Dividend Scheme. These
New Shares rank pari passu in all respects with the existing shares of the
Company. Application has been made to the London Stock Exchange and the UK
Listing Authority for these New Shares to be admitted to the Official List.
Admission is expected to be effective on 11 October 2002.

Further copies of this announcement are available at the Company's Offices at 36
St Andrew Square, Edinburgh, EH2 2YB and Waterhouse Square, 138-142 Holborn,
London, EC1N 2TN, and at the UK Listing Authority's Document Viewing Facility,
which is situated at: Financial Services Authority, 25 The North Colonnade,
Canary Wharf, London E14 5HS, Tel. no. 020 7676 1000.

10 October 2002

END


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