Redemption of NonCumUSD Pref

Royal Bank of Scotland Group PLC
14 December 2006


REDEMPTION OF NON-CUMULATIVE USD PREFERENCE SHARES

The Royal Bank of Scotland Group plc has given notice that it will, on 16th
January 2007 (the 'Redemption Date'), redeem all the 8,000,000 Non-cumulative
USD Preference Shares, Series E of $0.01 each and all the 16,000,000
Non-cumulative USD Preference Shares, Series K of $0.01 each. Consequently, on
the Redemption Date, each preference share will become due and payable at its
redemption amount of $25.00 together with dividends payable for the current
dividend period and accrued to the Redemption Date.

For further information please contact:

The Royal Bank of Scotland Group plc;

Ron Huggett                                Richard O'Connor
Director, Capital Management               Head of Investor Relations
280 Bishopsgate                            280 Bishopsgate
London                                     London
EC2M 4RB                                   EC2M 4RB

Tel: [phone]                      Tel: [phone]


The Bank of New York (Paying Agent)
Robert Spinogatti
American Depositary Receipts Division
101 Barclay Street
New York
NY 10286

Tel: [phone]






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