Dividend Declaration

RNS Number : 6585K

Royal Bank of Scotland Group PLC

22 April 2010

 

THE ROYAL BANK OF SCOTLAND GROUP plc (the "Group")

DIVIDEND ON 11 PER CENT AND 5.5 PER CENT CUMULATIVE PREFERENCE SHARES FOR THE HALF YEAR TO 31 MARCH 2010

The Directors have declared a half-yearly dividend on the 11 per cent and the 5.5 per cent Cumulative Preference Shares (the "Cumulative Preference Shares"). The dividend will be paid on 28 May 2010 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 30 April 2010 at a total cost of £38,500.

All of the Cumulative Preference Shares are included in the Tender Offer launched on 6 April 2010. Any Cumulative Preference Shares tendered and accepted by the Group will be purchased by the Group on the settlement date (expected to be 4 May 2010) ('Settlement date').

Therefore, for the purposes of the dividend to be declared in respect of the Cumulative Preference Shares, holders who tender their Cumulative Preference Shares and whose tenders are subsequently accepted for purchase by the Group will be deemed not to be holders of the Cumulative Preference Shares on the Register at close of business on 30 April 2010 and will not receive the half-yearly dividend declared, but instead will receive the payment of Accrued Distributions on the Settlement date as set out in the terms of the Tender Offer Memorandum dated 6 April 2010. 

22 April 2010

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