Redemption of Securities

Royal Bank of Scotland Group PLC
30 November 2005

REDEMPTION OF EXCHANGEABLE CAPITAL SECURITIES

The Royal Bank of Scotland Group plc has given notice that it will, on 31st
December 2005 (the 'Redemption Date'), redeem all the 8,000,000 Exchangeable
Capital Securities, Series A of $0.01 each (the 'Capital Securities') .
Consequently, on the Redemption Date, each Capital Security will therefore
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 of 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 (Trustee)

Peter Malcolm
The Bank of New York
One Canada Square
London
E14 5AL
Tel: [phone]


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