Issue of Equity

Royal Bank of Scotland Group PLC
09 June 2005


The Royal Bank of Scotland Group plc

9th June 2005

THE ROYAL BANK OF SCOTLAND GROUP PLC CONSIDERS ISSUE OF NON-CUMULATIVE PREFERRED
SECURITIES

The Royal Bank of Scotland Group plc ('RBS') is considering an issue of fixed
rate Non-Cumulative Preferred Securities denominated in Euros. RBS is being
advised in this matter by BNP PARIBAS, Deutsche Bank, RBS FM and UBS Investment
Bank.

For further information, please contact:

The Royal Bank of Scotland Group plc

Ron Huggett                                      Richard O'Connor
Capital Raising Director                         Head of Investor Relations
280 Bishopsgate                                  280 Bishopsgate
London                                           London
EC2M 4RB                                         EC2M 4RB
Tel: [phone]                               Tel: [phone]

Stabilisation / FSA

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