Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against The Royal Bank of Scotland Group plc

SAN DIEGO--(Business Wire)--
Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia")
(http://www.csgrr.com/cases/rbs/) today announced that a class action has been
commenced in the United States District Court for the Southern District of New
York on behalf of purchasers of The Royal Bank of Scotland Group plc ("RBS" or
the "Company") (NYSE:RBS) American Depositary Shares ("ADSs") pursuant and/or
traceable to a false and misleading registration statement and prospectus
(collectively, the "Registration Statement") issued in connection with the
Company`s June 2007 initial public offering of 38 million Non-cumulative Dollar
Preference Shares, Series S (the "Offering").

If you wish to serve as lead plaintiff, you must move the Court no later than 60
days from today. If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact plaintiff`s
counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or
via e-mail at djr@csgrr.com. If you are a member of this class, you can view a
copy of the complaint as filed or join this class action online at
http://www.csgrr.com/cases/rbs/. Any member of the putative class may move the
Court to serve as lead plaintiff through counsel of their choice, or may choose
to do nothing and remain an absent class member.

The complaint charges RBS and certain of its officers and directors with
violations of the Securities Act of 1933. RBS is a holding company of The Royal
Bank of Scotland plc and National Westminster Bank plc, which are United
Kingdom-based clearing banks.

The complaint alleges that defendants consummated RBS`s Offering pursuant to the
false and misleading Registration Statement, selling 38 million Non-cumulative
Dollar Preference Shares, Series S ("Series S ADSs") at $25 per share, for
proceeds of approximately $950 million. The Registration Statement incorporated
RBS`s financial results for 2004, 2005 and 2006. RBS ultimately announced huge
multi-billion pound impairment charges associated with its exposure to debt
securities, including mortgage-related securities tied to the U.S. real estate
markets, causing the price of RBS`s Series S ADSs issued in the Offering to
decline. The ADSs now trade at approximately $10 per share.

According to the complaint, the true facts that were omitted from the
Registration Statement were: (a) defendants` portfolio of debt securities was
impaired to a much larger extent than the Company had disclosed; (b) defendants
failed to properly record losses for impaired assets; (c) the Company`s internal
controls were inadequate to prevent the Company from improperly reporting its
debt securities; (d) the Company`s participation in the consortium which
acquired ABN AMRO would have disastrous results on the Company`s capital
position and overall operations; and (e) the Company`s capital base was not
adequate enough to withstand the significant deterioration in the subprime
market and, as a result, RBS would be forced to raise significant amounts of
additional capital.

Plaintiff seeks to recover damages on behalf of all purchasers of RBS Series S
ADSs pursuant and/or traceable to the Registration Statement for the Offering
(the "Class"). The plaintiff is represented by Coughlin Stoia, which has
expertise in prosecuting investor class actions and extensive experience in
actions involving financial fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los
Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is
active in major litigations pending in federal and state courts throughout the
United States and has taken a leading role in many important actions on behalf
of defrauded investors, consumers, and companies, as well as victims of human
rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more
information about the firm.

Coughlin Stoia Geller Rudman & Robbins LLP
Darren Robbins, 800-449-4900 or 619-231-1058
djr@csgrr.com

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