Dividend Declaration

Royal Bank of Scotland Group PLC
23 February 2007





THE ROYAL BANK OF SCOTLAND GROUP plc


DIVIDEND ON SERIES F, SERIES H, SERIES L, SERIES M, SERIES N, SERIES P, SERIES Q
AND SERIES R* NON-CUMULATIVE DOLLAR PREFERENCE SHARES of US$0.01 FOR THE THREE
MONTHS TO 31 March 2007

The Directors have declared the specified dividends on the undernoted Series of
non-cumulative dollar preference shares, all of which are represented by
American Depositary Shares, for the three months to 31 March 2007. The dividends
will be paid on 30 March 2007 at the undernoted rates to holders on the register
at the close of business on 15 March 2007. As at the date of this announcement
all of the undernoted Non-cumulative dollar preference shares are held by The
Bank of New York, N.A. as Depositary who have advised that the record date for
the American Depositary Receipts which evidence the undernoted American
Depositary Shares is 15 March 2007.

Series              Dividend payable per share

Series F            US$0.478125

Series H            US$0.453125

Series L            US$0.359375

Series M            US$0.40

Series N            US$0.396875

Series P            US$0.390625

Series Q            US$0.421875

Series R*           US$0.3956

 *from the date of issue, 27 December 2006.


DIVIDEND ON SERIES 1 NON-CUMULATIVE CONVERTIBLE DOLLAR PREFERENCE SHARES OF
US$0.01 FOR THE PERIOD TO 31 MARCH 2007

The Directors have declared the specified dividend on the undernoted series of
non-cumulative convertible dollar preference shares, all of which are
represented by American Depositary Shares, for the six months to 31 March 2007.
The dividends will be paid on 30 March 2007 at the undernoted rate to holders on
the register at the close of business on 15 March 2007. As at the date of this
announcement all of the undernoted non-cumulative dollar preference shares are
held by The Bank of New York, N.A. as Depositary who have advised that the
record date for the American Depositary Receipts which evidence the undernoted
American Depositary Shares is 15 March 2007.

Series            Dividend payable per share

Series 1          US$45.59





23 February 2007

End



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