Dividend Declaration

Royal Bank of Scotland Group PLC
29 May 2002

THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON SERIES 3 NON-CUMULATIVE CONVERTIBLE PREFERENCE SHARES OF US$0.01



The Directors have declared the dividend payable on the Series 3 non-cumulative
convertible preference shares of US$0.01 for the six months to 30 June 2002.

The dividend will be paid on 28 June 2002 at a rate of US$39.08 per share to
holders on the Register at the close of business on 13 June 2002.





29 May 2002

End



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