Dividend Declaration-Replcmnt

Royal Bank of Scotland Group PLC
02 December 2003



The following replaces the dividend declaration announcement released on 1
December 2003 at 12.43pm under RNS number 6890S. The record date should be 5
December 2003 and not 16 December 2003 as previously stated. All other details
remain unchanged, and the full amended text appears below.


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 31 DECEMBER 2003

The Directors have declared a half-yearly dividend on the 11 per cent and 5.5
per cent £1 cumulative preference shares. The dividend will be paid on 31
December 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 5 December 2003.


1 December 2003

End

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