Disposal of Gartmore

Royal Bank of Scotland Group PLC
31 May 2000


THE ROYAL BANK OF SCOTLAND GROUP PLC

COMPLETES THE SALE OF GARTMORE TO NATIONWIDE

The Royal Bank of Scotland Group plc has completed the
sale of Gartmore Investment Management Plc, its fund
management business, to Nationwide Mutual Insurance
Company, a diversified insurance and financial services
group based in Columbus, Ohio in the USA.

An announcement that an agreement had been reached for
this transaction was made on 30 March 2000.

For further information please contact:

Miller McLean
Group Director, Legal and Regulatory Affairs and Group
Secretary
Tel: [phone]

Howard Moody
Group Director, Communications
Tel: [phone]