Redemption of USD pref shares

Royal Bank of Scotland Group PLC
01 February 2006

REDEMPTION OF NON-CUMULATIVE USD PREFERENCE SHARES

The Royal Bank of Scotland Group plc has given notice that it will, on the 6th
March 2006 (the 'Redemption Date'), redeem all the 7,000,000 Non-cumulative USD
Preference Shares, Series D of $0.01 each and all the 12,000,000 Non-cumulative
USD Preference Shares, Series I of $0.01 each. Consequently, on the Redemption
Date, each share will become due and payable at its redemption amount of $25.00
together with dividends payable for the current dividend period and accrued to
the Redemption Date.

For further information please contact:

The Royal Bank of Scotland Group plc;

Ron Huggett                         Richard O'Connor
Director of Capital Management      Head of Investor Relations
280 Bishopsgate                     280 Bishopsgate
London                              London
EC2M 4RB                            EC2M 4RB
Tel: [phone]                  Tel: [phone]


The Bank of New York (Paying Agent)

Seth J. Menell
American Depositary Receipts Division
101 Barclay Street
New York
NY 10286
Tel: [phone]



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