Change of Name

Ulster Bank Ireland DAC

31st May 2016

Ulster Bank Ireland DAC

Change of Company Status

31st May 2016

With effect from 23rd May 2016, Ulster Bank Ireland Limited (the "Bank") became a Designated Activity Company (DAC) as required by the Companies Act 2014 and altered its name to Ulster Bank Ireland DAC.

The Bank will continue to use its existing trading names.

Ulster Bank Corporate Governance & Secretariat

Emma Dignam

Deputy Company Secretary, Ulster Bank

+353 (0) 87 912 7739

Notes

Forward Looking Statements

This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995,

including those related to UBID and RBS's regulatory capital position, risk-weighted assets, impairment losses and credit exposures under certain specified scenarios. In addition, forward-looking statements may include, without limitation, statements typically containing words such as "intends", "expects", "anticipates", "targets", "plans", "estimates" and words of similar import. These statements concern or may affect future matters, such as UBID and RBS's future economic results, business plans and current strategies. Forward-looking statements are subject to a number of risks and uncertainties that might cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statements. Factors that could cause or contribute to differences in current expectations include, but are not limited to, legislative, fiscal and regulatory developments, competitive conditions, technological developments, exchange rate fluctuations and general economic conditions. These and other factors, risks and uncertainties that may impact any forward-looking statement or the RBS's actual results are discussed in RBS's UK Annual Report and materials filed with, or furnished to, the US Securities and Exchange Commission, including, but not limited to, RBS's Reports on Form 6-K and most recent Annual Report on Form 20-F. The forward-looking statements contained in this announcement speak only as of the date of this announcement and neither UBID nor RBS neither assumes nor undertakes any obligation or responsibility to update any of the forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, except to the extent legally required.

ENDS