REG-ROYAL BANK OF SCOTLAND GROUP PLC FRN Variable Rate Fix

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Wed Jul 23, 2008 12:30pm EDT

LONDON--(Business Wire)--

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As Agent Bank, please be advised of the following rate determined on:23-Jul-2008
Issue               : The Royal Bank of Scotland plc - Series 2905
                      EUR 30,000,000 FRN Due 26 Jan 2008
ISIN Number         : XS0342846523
Common Code/        : 34284652
144A ISIN
Issue Nomin     EUR : 30,000,000.00
Period              : 25-Jul-2008 to 27-Oct-2008   Payment Date 27-Oct-2008
Number of Days      : 94
Rate                : 5.113
Denomination    EU  : 100,000.00                  30,000,000.00
Amount Payable
per Denomination    : 1,335.06                    400,518.33

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Corporate Trust Services                Facsimile 44 1202 689601
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ROYAL BANK OF SCOTLAND GROUP PLC

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