Holding(s) in Company

Royal Bank of Scotland Group PLC
16 April 2007




TR-1: notification of major interests in shares
+--------------------------------------------+-------------------------+
|                                            |    The Royal Bank of    |
| 1. Identity of the issuer or the           |   Scotland Group plc    |
| underlying issuer of existing shares to    |                         |
| which voting rights are attached:          |                         |
+--------------------------------------------+---------------+---------+
|                                                            |         |
| 2. Reason for the notification (please tick the            |         |
| appropriate box or boxes)                                  |         |
+------------------------------------------------------------+---------+
|                                                            |         |
| An acquisition or disposal of voting rights                |         |
+------------------------------------------------------------+---------+
|                                                            |         |
| An acquisition or disposal of financial instruments which  |         |
| may result in the acquisition of shares already issued to  |         |
| which voting rights are attached                           |         |
+------------------------------------------------------------+---------+
|                                                            |         |
| An event changing the breakdown of voting rights           |         |
+------------------------------------------------------------+---------+
|                                                            |         |
| Other (please specify): Initial disclosure of existing     |    X    |
| interest under FSA Transparency rules                      |         |
+--------------------------------------------+---------------+---------+
|                                            | Mr Peter Stanley Allen  |
| 3. Full name of person(s) subject to the   |                         |
| notification obligation:                   |                         |
+--------------------------------------------+-------------------------+
|                                            |    Mrs Judith Merric    |
| 4. Full name of shareholder(s) (if         |     Allen; and Miss     |
| different from 3.):                        | Catherine Louise Allen; |
|                                            |    and Miss Jennifer    |
|                                            |  Claire Allen; and R C  |
|                                            | Greig Nominees Limited; |
|                                            |  and WCWB Pep Nominees  |
|                                            |        Limited.         |
+--------------------------------------------+-------------------------+
|                                            |           N/A           |
| 5. Date of the transaction (and date on    |                         |
| which the threshold is crossed or reached  |                         |
| if different):                             |                         |
+--------------------------------------------+-------------------------+
|                                            |      16 April 2007      |
| 6. Date on which issuer notified:          |                         |
+--------------------------------------------+-------------------------+
|                                            |           N/A           |
| 7. Threshold(s) that is/are crossed or     |                         |
| reached:                                   |                         |
+--------------------------------------------+-------------------------+
|                                            |                         |
| 8. Notified details:                       |                         |
+--------------------------------------------+-------------------------+


+-------------------------------------------------------------------------------+
|                                                                               |
| A: Voting rights attached to shares                                           |
+------------+-----------------+------------------------------------------------+
|            |                 |                                                |
| Class/type | Situation       | Resulting situation after the triggering       |
| of shares  | previous to the | transaction                                    |
|            | Triggering      |                                                |
| if         | transaction     |                                                |
|possible    +--------+--------+--------+-------------------+-------------------+
| using the  |        |        |        |                   |                   |
| ISIN CODE  | Number | Number | Number | Number of voting  | % of voting       |
|            | of     | of     | of     | rights ix         | rights            |
|            | Shares | Voting | shares |                   |                   |
|            |        |Rights  +--------+--------+----------+--------+----------+
|            |        | viii   |        |        |          |        |          |
|            |        |        | Direct | Direct | Indirect | Direct | Indirect |
|            |        |        |        | x      | xi       |        |          |
+------------+--------+--------+--------+--------+----------+--------+----------+
| 5.5%       |        |        |        |        |          |        |          |
| Preference |        |        |        |        |          |        |          |
| Shares of  |        |        |        |        | 451,796  |        | 28.23 %  |
| £1         |        |        |        |        |          |        | of that  |
|            |        |        |        |        |          |        | class    |
+------------+--------+--------+--------+--------+----------+--------+----------+

+----------------------------------------------------------------------+
|                                                                      |
| B: Financial Instruments                                             |
+----------------------------------------------------------------------+
|                                                                      |
| Resulting situation after the triggering transaction xii             |
+------------+------------+------------+----------------------+--------+
|            |            |            |                      |        |
| Type of    | Expiration | Exercise/  | Number of voting     | % of   |
| financial  | date xiii  | Conversion | rights that may be   | voting |
| instrument |            | Period/    | acquired if the      | rights |
|            |            | Date xiv   | instrument is        |        |
|            |            |            | exercised/           |        |
|            |            |            | converted.           |        |
+------------+------------+------------+----------------------+--------+
|            |            |            |                      |        |
+------------+------------+------------+----------------------+--------+

+----------------------------------------------------------------------+
|                                                                      |
| Total (A+B)                                                          |
+------------------------------------+---------------------------------+
|                                    |                                 |
| Number of voting rights            | % of voting rights              |
+------------------------------------+---------------------------------+
| 451,796                            | 28.23 % of that class           |
+------------------------------------+---------------------------------+







+----------------------------------------------------------------------+
|                                                                      |
| 9. Chain of controlled undertakings through which the voting rights  |
| and/or the financial instruments are effectively held, if applicable |
| xv:                                                                  |
+----------------------------------------------------------------------+
| Mr Peter Stanley Allen: no direct holding;                           |
|                                                                      |
| Mrs Judith Merric Allen: 4,363 5.5% Preference Shares (1.09% of the  |
| voting rights of that class);                                        |
|                                                                      |
| WCWB Pep Nominees Limited (as Pep and Isa Manager of Mr P S Allen &  |
| Mrs J M Allen): 53,678 5.5% Preference Shares (13.42% of the voting  |
| rights of that class);                                               |
|                                                                      |
| R C Greig Nominees Limited (on behalf of Mr P S Allen and Gilt Fund  |
| Securities Limited, a company in which Mr P S Allen is the           |
| controlling shareholder) : 28,958 5.5% Preference Shares (7.23% of   |
| the voting rights of that class) ; .                                 |
|                                                                      |
| Miss Catherine Louise Allen: 13,200 5.5% Preference Shares (3.30% of |
| the voting rights of that class);                                    |
|                                                                      |
| Miss Jennifer Claire Allen: 12,750 5.5% Preference Shares (3.19% of  |
| the voting rights of that class).                                    |
|                                                                      |
+----------------------------------------------------------------------+

+----------------------------------------------------------------------+
|                                                                      |
| Proxy Voting:                                                        |
+-------------------------------------------------------------------+--+
|                                                                   |  |
| 10. Name of the proxy holder:                                     |  |
+-------------------------------------------------------------------+--+
|                                                                   |  |
| 11. Number of voting rights proxy holder will cease to hold:      |  |
+-------------------------------------------------------------------+--+
|                                                                   |  |
| 12. Date on which proxy holder will cease to hold voting rights:  |  |
+-------------------------------------------------------------------+--+

+-----------------------------------------------+----------------------+
|                                               |                      |
| 13. Additional information:                   |                      |
+-----------------------------------------------+----------------------+
|                                               | Peter S Allen        |
| 14. Contact name:                             |                      |
+-----------------------------------------------+----------------------+
|                                               | 01730 812415         |
| 15. Contact telephone number:                 |                      |
+-----------------------------------------------+----------------------+

        Annex Notification Of Major Interests In Shares xvi

+----------------------------------------------------------------------+
|                                                                      |
| A: Identity of the person or legal entity subject to the             |
| notification obligation                                              |
+-----------------------------------------------+----------------------+
|                                               | Peter Stanley Allen  |
| Full name (including legal form for legal     |                      |
| entities)                                     |                      |
+-----------------------------------------------+----------------------+
|                                               |                      |
| Contact address (registered office for legal  | House of Shaws,      |
| entities)                                     | Midhurst GU29 0BQ    |
+-----------------------------------------------+----------------------+
|                                               | 01730 812415         |
| Phone number                                  |                      |
+-----------------------------------------------+----------------------+
|                                               |                      |
| Other useful information (at least legal      |                      |
| representative for legal persons)             |                      |
+-----------------------------------------------+----------------------+

+----------------------------------------------------------------------+
|                                                                      |
| B: Identity of the notifier, if applicable xvii                      |
+----------------------------------------------------+-----------------+
|                                                    |                 |
| Full name                                          | Hew Campbell    |
+----------------------------------------------------+-----------------+
|                                                    |                 |
| Contact address                                    | House F,        |
|                                                    | Gogarburn       |
|                                                    |                 |
|                                                    | Edinburgh       |
|                                                    |                 |
|                                                    | EH12 1HQ        |
+----------------------------------------------------+-----------------+
|                                                    |                 |
| Phone number                                       | 0131 626 4099   |
+----------------------------------------------------+-----------------+
|                                                    |                 |
| Other useful information (e.g. functional          | Head of Group   |
| relationship with the person or legal entity       | Secretariat,    |
| subject to the notification obligation)            |                 |
|                                                    | The Royal Bank  |
|                                                    | of Scotland     |
|                                                    | Group plc       |
+----------------------------------------------------+-----------------+

+----------------------------------------------------------------------+
|                                                                      |
| C: Additional information                                            |
+----------------------------------------------------------------------+
+----------------------------------------------------------------------+

Notes



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