Update

RNS Number : 6314E

Royal Bank of Scotland Group PLC

30 September 2008

 



The Royal Bank of Scotland Group plc ('RBS')

Statement on RFS Holdings

29 September 2008

Further to the announcements by Fortis yesterday, RBS confirms that the sale of Fortis interests in RFS Holdings would not affect the integration benefits envisaged by RBS, nor would it affect the businesses to be retained by RBS.

Fortis has already paid in full in cash for its shares in RFS Holdings, and should it sell this holding the financial consequences would lie with Fortis.

The plan for the separation from ABN AMRO of the businesses to be acquired by Fortis has been designed to maintain the strength and integrity of ABN AMRO, and is scheduled to complete in H2 2009, subject to regulatory approval.

ENQUIRIES:

Richard O'Connor

Head of Investor Relations

0207 672 1763

07909 873 681

Andrew McLaughlin

Group Director, Communications

0131 626 3868

07786 111 689

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