Dividend Declaration

ROYAL BANK OF SCOTLAND GROUP PLC
28 July 1999


DIVIDEND ON SERIES B, SERIES C, SERIES D, SERIES E, SERIES F, SERIES G AND
SERIES H NON-CUMULATIVE DOLLAR PREFERENCE SHARES FOR THE THREE MONTHS TO 30
SEPTEMBER 1999

SERIES B

The directors have declared a dividend on the Series B Non-cumulative dollar
preference shares, which are represented by Series B American Depositary
Shares, for the three months to 30 September 1999.   The dividend will be paid
on 30 September 1999 at a rate of US$0.63 per share to holders on the register
at the close of business on 15 September 1999.   As at the date of this
announcement all of the Series B Non-cumulative dollar preference shares are
held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series B
American Depositary Shares is 15 September 1999.

SERIES C

The directors have declared a dividend on the Series C Non-cumulative dollar
preference shares, which are represented by Series C American Depositary
Shares, for the three months to 30 September 1999.   The Dividend will be paid
on 30 September 1999 at a rate of US$0.534375 per share to holders on the
register at the close of business on 15 September 1999.   As at the date of
this announcement all of the Series C Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series C
American Depositary Shares is 15 September 1999.

SERIES D

The directors have declared a dividend on the Series D Non-cumulative dollar
preference shares, which are represented by Series D American Depositary
Shares, for the three months to 30 September 1999.   The Dividend will be paid
on 30 September 1999 at a rate of US$0.51328125 per share to holders on the
register at the close of business on 15 September 1999.   As at the date of
this announcement all of the Series D Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series D
American Depositary Shares is 15 September 1999.

SERIES E

The directors have declared a dividend on the Series E Non-cumulative dollar
preference shares, which are represented by Series E American Depositary
Shares, for the three months to 30 September 1999.   The Dividend will be paid
on 30 September 1999 at a rate of US$0.50625 per share to holders on the
register at the close of business on 15 September 1999.   As at the date of
this announcement all of the Series E Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series E
American Depositary Shares is 15 September 1999.

SERIES F

The directors have declared a dividend on the Series F Non-cumulative dollar
preference shares, which are represented by Series F American Depositary
Shares, for the three months to 30 September 1999.   The Dividend will be paid
on 30 September 1999 at a rate of US$0.478125 per share to holders on the
register at the close of business on 15 September 1999.   As at the date of
this announcement all of the Series F Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series F
American Depositary Shares is 15 September 1999.

SERIES G

The directors have declared a dividend on the Series G Non-cumulative dollar
preference shares, which are represented by Series G American Depositary
Shares, for the three months to 30 September 1999.   The Dividend will be paid
on 30 September 1999 at a rate of US$0.4625 per share to holders on the
register at the close of business on 15 September 1999.   As at the date of
this announcement all of the Series G Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series G
American Depositary Shares is 15 September 1999.

SERIES H

The directors have declared a dividend on the Series H Non-cumulative dollar
preference shares, which are represented by Series H American Depositary
Shares, for the three months to 30 September 1999.   The Dividend will be paid
on 30 September 1999 at a rate of US$0.453125 per share to holders on the
register at the close of business on 15 September 1999.   As at the date of
this announcement all of the Series H Non-cumulative dollar preference shares
are held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the Series H
American Depositary Shares is 15 September 1999.