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Royal Bk Scot.Grp. (NWG)

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Monday 20 June, 2005

Royal Bk Scot.Grp.

Settlement Agreement

Royal Bank of Scotland Group PLC
18 June 2005

The Royal Bank of Scotland Group plc ('RBS Group')

RBS Group has entered into a settlement agreement with respect to the litigation
brought by the bankruptcy estate of Enron Corp. and certain of its affiliates
against a number of financial institutions, including certain members of the RBS
Group. The settlement for a net payment of US$20m, along with subordination of
certain of its claims, recognises the very limited role of RBS in this dispute.
RBS continues to defend vigorously the other Enron related actions into which it
has been joined as a defendant.



18 June 2005

Contact Details

Hew Campbell

Head of Group Secretariat

Telephone 07836 765878

Carolyn McAdam

Head of Media Relations

Telephone 07796 274 968


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                      

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