EPT Disclosure

Royal Bank of Scotland Group PLC
25 February 2008



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

           WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS

                  BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

                      (Rule 38.5(b) of the Takeover Code)



1. KEY INFORMATION

Name of exempt principal trader      The Royal Bank of Scotland plc (a
                                     wholly-owned subsidiary of The Royal Bank
                                     of Scotland Group plc)

Company dealt in                     Resolution plc
Class of relevant security to which  ORD GBP 0.05
the dealings being disclosed relate
(Note 1)

Date of dealing                      22 February 2008




2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 2)

                                                      Long             Short
                                             Number (%)             Number (%)
(1) Relevant
securities                                   2,200,000 (0.3205)     0 (0.00)
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
                                     Total   2,200,000 (0.3205)     0 (0.00)


(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 2)

           Class of relevant security:                  Long          Short
                                                   Number (%)     Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
                                           Total


(c)                Rights to subscribe (Note 2)

Class of relevant security:                                   Details



3. DEALINGS (Note 3)


(a) Purchases and sales

Purchase/sale    Number of securities          Price per unit (Note 4)
Purchase                             200,000   6.6600 GBP



(b) Derivatives transactions (other than options)

Product      Long/short (Note   Number of securities (Note Price per unit (Note
name,        5)                 6)                         4)
e.g. CFD





(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing,       Number of          Exercise Type, e.g.  Expiry Option
name,   selling,       securities to               American,          money
        purchasing,    which the option            European
        varying etc.   relates (Note 6)            etc.
e.g.                                      price                date   paid/
call                                                                  received
option                                                                per unit
                                                                      (Note 4)




(ii) Exercising

Product name, e.g. call       Number of           Exercise price per unit (Note
option                        securities          4)



(d) Other dealings (including new securities) (Note 3)

Nature of transaction (Note 7)  Details  Price per unit (if applicable) (Note 4)

















4. OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.
NONE



Is a Supplemental Form 38.5(b) attached? (Note 8) YES/NO



Date of           25 February 2008
disclosure

Contact name      Richard Hopkins

Telephone
number            [phone]

Name of offeree/  Impala Holdings Ltd (a subsidiary of Pearl Group Limited).
offeror with
which connected
Nature of         ABN-AMRO is acting as Financial Advisor to Pearl Assurance Ltd
connection (Note  (Pearl Group Ltd) regarding the potential bid for Resolution
9)                plc. ABN-AMRO is a subsidiary of RFS Holdings N.V. in which
                  the Royal Bank of Scotland Group plc have a 38.3% interest.



Notes


The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk






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