Notice of Redemption

Notice of Redemption

The Royal Bank of Scotland plc (the "Issuer")

The holders of the £350,000,000 Fixed Rate Undated Subordinated Notes issued under the £7,000,000,000 Euro Medium Term Note Programme (ISIN Code: XS0137784426 (the "Notes")) have been notified by the Issuer of the upcoming redemption of the Notes on 17 December 2017. The amount of the Notes currently outstanding is £51,289,000.

Terms used but not defined herein shall have the meaning given to them in the notice of redemption. The Notes are being redeemed pursuant to Condition 5(c) of the Notes (Call Option - Redemption at the Option of the Issuer) at par, together with interest accrued to (but excluding) the Redemption Date and including all Arrears of Interest. The Issuer has notified the holders pursuant to the terms of the Notes.

To view the notice, please click on the link below.

http://www.rns-pdf.londonstockexchange.com/rns/1277U_-2017-10-19.pdf

For further information, please contact:

Scott Forrest

Head of RBS Debt Capital Markets & Capital Strategy

Tel: +44 (0) 20 7678 5313

MAR

This announcement contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Scott Forrest, Head of RBS Debt Capital Markets & Capital Strategy for The Royal Bank of Scotland Group.

Legal Entity Identifier: RR3QWICWWIPCS8A4S074