Dividend Declaration

Royal Bank of Scotland Group PLC
30 April 2003

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 2003



The Directors have declared a half-yearly dividend on the 11 per cent and the
5.5 per cent £1 cumulative preference shares. The dividend will be paid on 30
May 2003 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 9 May 2003.





30 April 2003



End


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