Dividend Declaration

Royal Bank of Scotland Group PLC
23 February 2000



THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON SERIES B, SERIES C, SERIES D, SERIES E, SERIES F, SERIES G, SERIES
H, SERIES I AND SERIES J NON-CUMULATIVE DOLLAR PREFERENCE SHARES FOR THE THREE
MONTHS TO 31 MARCH 2000


The Directors have declared the specified dividends on the undernoted
Series of Non-cumulative dollar preference shares, all of which are
represented by American Depositary Shares, for the three months to 31 March
2000.  The dividends will be paid on 31 March 2000 at the undernoted rates to
holders on the register at the close of business on 16 March 2000.  As at the
date of this announcement all of the undernoted 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 undernoted American Depositary Shares is 16 March 2000.

Series                        Dividend payable per share

Series B                 US$0.63
Series C                 US$0.534375
Series D                 US$0.51328125
Series E                 US$0.50625
Series F                 US$0.478125
Series G                 US$0.4625
Series H                 US$0.453125
Series I                 US$0.50
Series J                 US$0.53125