Management Appointments

Royal Bank of Scotland Group PLC
18 December 2003

SENIOR MANAGEMENT APPOINTMENTS AT THE ROYAL BANK OF SCOTLAND GROUP

The Royal Bank of Scotland Group today announces that:

Norman McLuskie, currently Chief Executive, Retail Direct has been appointed
Chairman, Retail Direct and Chris Sullivan, currently Head of Asset Finance,
Corporate Banking and Financial Markets, has been appointed Chief Executive,
Retail Direct. Both appointments are effective from 1 January 2004.



Enquiries:

Carolyn McAdam, Head of Group Communications

Tel: [phone]


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