Notice N39/00

London Stock Exchange
30 June 2000

      
For the attention of the
chairman/senior partner/compliance officer,
all member firms                                                 N39/00


STOCK EXCHANGE NOTICE

DOMESTIC EQUITY MARKET
WHEN ISSUED DEALING
ROYAL BANK OF SCOTLAND GROUP PLC - ADDITIONAL VALUE SHARES

1. Listing particulars have been filed in relation to the Royal Bank of
Scotland plc listing of Additional Value Shares (ISIN GB0006764012).  When
Issued dealing will be permitted under Rule 2.3(d) in the Additional Value
Shares of Royal Bank of Scotland plc.

2. The timetable for When Issued dealing is as follows:

   When Issued dealing commences          - 8:00am Monday 3 July 2000

   Expected time for listing and 
   commencement of unconditional dealing  - 8:00am Wednesday 12 July 2000

3. Settlement of When Issued transactions:

   Earliest settlement date               - Wednesday 12 July 2000

   Recommended settlement date for
   certificated sellers                   - Wednesday 19 July 2000

4. It is expected that, where applicable, the posting of definitive share
certificates will commence on or around Wednesday 12 July 2000.

5. All transaction reports for When Issued dealing must be submitted to CREST.

6. The offer may be subject to stabilisation. 

Andrew McStravick
Head of Market Regulation


Any comments or queries on this Notice should be addressed to Market
Supervision, telephone [phone] (STX 31469) or Email:
[e-mail].


This Stock Exchange Notice will be available on the website at
www.londonstockexchange.com/techlib/notices/