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Royal Bank of Scotland Group PLC - Redemption of NonCumUSD Pref

Released 09:33 14-Dec-06

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: +44 20 7085 4925                  Tel: +44 20 7672 1763

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

Tel: +1 212 815 2247

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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