Directorate Change

RNS Number : 6906M

Royal Bank of Scotland Group PLC

03 February 2009

The Royal Bank of Scotland Group plc

Appointment of Chairman

The Royal Bank of Scotland Group plc ('the Group') announces that Sir Tom McKillop has indicated he wishes to retire as Chairman from today and, accordingly, Sir Philip Hampton, currently Deputy Chairman and Chairman-designate, will assume Chairmanship of the Group.

Sir Tom McKillop said 'While my retirement was originally planned for April 2009, I believe it is appropriate to bring this forward so that Sir Philip can complete the restructuring of the board and work with the board and executive teams on the strategy going forward. I wish Sir Philip and the board every success in this difficult financial and economic environment as they strive to restore the bank's prosperity.'

Sir Philip Hampton said 'Tom McKillop has chaired RBS through unprecedented turbulence in financial markets with great dedication and integrity and the board wishes him well. It is now my privilege to chair a Group with very significant challenges but with fundamental strengths in its people and businesses. We are extremely fortunate to have the support of the UK Government and taxpayer as we restructure the Group and we mean to repay that support as soon as is practicable'.

3 February 2009

Biographical details

Sir Philip Hampton was appointed Chairman of J Sainsbury plc in 2004. Previously, he was Group Finance Director of Lloyds TSB Group plc from 2002 to 2004, Group Finance Director of BT Group plc from 2000 to 2002, Group Finance Director of BG Group plc from 1997 to 2000, Group Finance Director of British Gas plc from 1995 to 1997, Group Finance Director of British Steel plc from 1990 to 1995, an Executive Director of Lazards from 1981 to 1990 and a Non-executive Director of RMC Group plc from 2002 to 2005.
Sir Philip is the former Chairman of UK Financial Investments Limited, the company established to manage the UK Government's shareholding in banks subscribing to its recapitalisation fund, and has also been a Non-executive Director of Belgacom (the Belgian telecom group) since 2004.