Redemption of Shares

Royal Bank of Scotland Group PLC
18 December 2006


REDEMPTION OF NON-CUMULATIVE USD PREFERENCE SHARES

The Royal Bank of Scotland Group plc has given notice that it will, on the 16th
January 2007 (the 'Redemption Date'), redeem all the 10,000,000 Non-cumulative
USD Preference Shares, Series G of $0.01 each. Consequently, on the Redemption
Date, each 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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