Dividend Declaration

Royal Bank of Scotland Group PLC
25 April 2002

THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON 11 PER CENT AND 5.5 PER CENT CUMULATIVE PREFERENCE SHARES FOR THE
HALF YEAR TO 30 JUNE 2002



The Directors have declared a half-yearly dividend on the 11 per cent and the
5.5 per cent cumulative preference shares of £1. The dividend will be paid on 31
May 2002 at the rate of 5.5 per cent and 2.75 per cent, respectively and will be
paid to those preference shareholders on the Register at the close of business
on 10 May 2002.





25 April 2002



End



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