AGM Statement

Royal Bank of Scotland Group PLC
11 April 2001

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

        (a)     Resolutions at Annual General Meeting - Wednesday 11 April
        2001

        In addition to the ordinary business considered at the Meeting,
        shareholders granted to the Directors a general authority to purchase
        up to 10 per cent of the Company's issued share capital.

        The Directors have no specific plans to exercise their authority in
        the immediate future and will only make purchases where, in the light
        of prevailing market conditions, they consider that such purchases
        will be in the best interests of shareholders.

        A resolution to ratify the sale of approximately 50 per cent of
        NatWest Life to CGNU plc was passed on a poll, there being
        1,343,814,949 votes in favour of the resolution and 2,789,319 against
        the resolution.

        (b)     Announcement of Interim Results

        The Group's interim results for the current financial year will be
        announced on 7 August 2001, and not 2 August 2001, as previously
        intimated. This will not affect the proposed payment date of the
        interim dividend.

11 April 2001

End