19th May 2005 15:19
Royal Bank of Scotland Group PLC19 May 2005 THE ROYAL BANK OF SCOTLAND GROUP COMPLETES US$ 1 BILLION PREFERENCE SHARE ISSUE 19th May 2005 The Royal Bank of Scotland Group plc ("the Group") has completed the issue of40,000,000 Category II Non-cumulative Dollar Preference Shares designated SeriesN ("the Series N Dollar Preference Shares"). The proceeds of the issue of theSeries N Dollar Preference Shares, after deducting underwriting commission,amount to approximately US$969,000,000. Application has been made for the SeriesN Dollar Preference Shares to be listed on the New York Stock Exchange. This announcement shall not constitute an offer to sell or the solicitation ofan offer to buy, nor shall there be any sale of the Series N Dollar PreferenceShares in any State of the US in which such offer, solicitation or sale would beunlawful prior to the registration or qualification under the Securities Laws ofany such State. Further, no Series N Dollar Preference Shares will be offered tothe public in the UK. For further information, please contact: The Royal Bank of Scotland Group plc Fred Watt Ron HuggettGroup Finance Director Capital Raising Director42 St Andrew Square 280 BishopsgateEdinburgh LondonEH2 2YE EC2M 4RBTel: 0131 523 5171 Tel: 0207 085 4925 Merrill Lynch International Siddharth PrasadManaging DirectorMerrill Lynch International2 King Edward StreetLondonEC1A 1HQTel: 0207 996 5320 Stabilisation FSA This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L