FRN Variable Rate Fix-Amendmt

Royal Bank of Scotland Group PLC
27 February 2001


AMENDED

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
26-Feb-2001.

Issue             :  The Royal Bank of Scotland Group Plc
                     £200,000,000 Floating Rate Notes Due 2005
ISIN NO           :  Royal £
Issue Nominal GBP :  200,000,000.00
Period            :  26-Feb-2001  To  29-May-2001    Payment Date  29-May-2001
Number of Days    :  *92*
Rate              :  5.8125
Denomination GBP  :  5,000.00        50,000.00
Amount Payable
Per Denomination  :  73.25           732.53

From:
Steven Coutts                        Telephone [phone]
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7945