Additional Listing

Royal Bank of Scotland Group PLC
14 January 2003


The Royal Bank of Scotland Group plc
Employee Share Ownership Plan


The Royal Bank of Scotland Group plc announces that it has applied to the London
Stock Exchange and the UK Listing Authority for a new block listing of
15,000,000 ordinary shares of 25p each in respect of the Company's Employee
Share Ownership Plan.

These new shares rank pari passu in all respects with the existing ordinary
shares of the Company.  Application has been made for the 15,000,000 new shares
to be admitted to the Official List and approval of the block listing
application is expected on 16 January 2003.

Further copies of this announcement are available at the Company's offices at 36
St Andrew Square, Edinburgh and Waterhouse Square, 138/142 Holborn, London, EC1N
2TN and at the Company Announcements Department, The Stock Exchange.

END
14 January 2003


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