Dividend Declaration

Royal Bank of Scotland Group PLC
20 February 2002

THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON NON-CUMULATIVE CONVERTIBLE PREFERENCE SHARES OF e 0.01



The Directors have declared the specified dividend on the non-cumulative
convertible preference shares of e 0.01 for the twelve months to 31 March 2002.

The dividend will be paid on 28 March 2002 at a rate of e 67.70 per share to
holders on the register at close of business on 13 March 2002.





20 February 2002

End



                      This information is provided by RNS
            The company news service from the London Stock Exchange