Proposed Sale of Non-Core Pro

RNS Number : 1611W

Royal Bank of Scotland Group PLC

15 November 2010

 

Regulated News Service (RNS)

The Royal Bank of Scotland Group plc

RBS agrees Memorandum of Understanding with The Bank of Tokyo-Mitsubishi UFJ, Ltd. on sale of Non-Core Project Finance assets

The Royal Bank of Scotland Group plc announces today it has signed a non-binding Memorandum of Understanding with The Bank of Tokyo-Mitsubishi UFJ, Ltd. for the proposed sale of a Non-Core portfolio of approximately £3.8bn Project Finance assets. The portfolio is made up of global power, global oil & gas and infrastructure assets in the UK, EMEA, APAC and the Middle East.

The proposed sale is subject to the signing of a legally binding sale and purchase agreement and the subsequent receipt of required regulatory approvals and other consents.

Richard O'Connor

Investor Relations

[phone]

Group Media Centre

Tel: [phone]

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