Redemption of USD Pref Shares

Royal Bank of Scotland Group PLC
24 October 2005


REDEMPTION OF NON-CUMULATIVE USD PREFERENCE SHARES


The Royal Bank of Scotland Group plc has given notice that it will, on 28th
November 2005 (the 'Redemption Date'), redeem all the 9,000,000 Non-cumulative
USD Preference Shares, Series J of $0.01 each. Consequently, on the Redemption
Date, each share 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 (Paying Agent)
Seth J. Menell
American Depositary Receipts Division
101 Barclay Street
New York
NY10286
Tel: [phone]



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