Released 17:13 20-Jun-07
THE ROYAL BANK OF SCOTLAND GROUP PLC PLANS
US DOLLAR PREFERENCE SHARE ISSUE
20th June 2007
The Royal Bank of Scotland Group plc ("the Group") is pleased to announce that
it intends to issue Category II Non-cumulative Dollar Preference Shares to be
designated Series S ("the Series S Preference Shares"), which will be issued in
the form of American Depositary Receipts ("the Series S ADRs") in the United
States, at a subscription price of US$25.00 per share.
The Series S Preference Shares will be issued under a Form F-3 Shelf
Registration Statement which the Group has filed with the US Securities and
Exchange Commission and which provides for the offer and sale from time to time
of, among other things, the Group's dollar preference shares.
Application will be made to list the Series S ADRs on the New York Stock
Exchange.
The Group is being advised in connection with the issue by Merrill Lynch & Co.,
Wachovia Securities and RBS Greenwich Capital.
The proceeds of the issue of the Series S Preference Shares will be used for
general corporate purposes, which may include the redemption or repurchase of
outstanding securities, and to strengthen the Group's capital base.
This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the Series S Preference Shares
in any State of the US in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws of
any such State. Further, no Series S Preference Shares will be offered to the
public in the UK.
For further information, or to obtain a copy of the related prospectus, please
contact:
The Royal Bank of Scotland Group plc
Guy Whittaker Ron Huggett
Group Finance Director Director, Capital Management and Securitisation
Executive House G 280 Bishopsgate
RBS Gogarburn London
PO Box 1000 EC2M 4RB
Edinburgh Tel: 020 7085 4925
EH12 1HQ
Tel: 0131 523 2028
Merrill Lynch International
Steven Black
Merrill Lynch Financial Centre
2 King Edward Street
London
EC1A 1HQ
Tel: 020 7995 2387
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