Proposed Sale of Non-Core Project Finance Assets

Regulated News Service (RNS)

The Royal Bank of Scotland Group plc

RBS agrees Memorandum of Understanding with The Bank of Tokyo-Mitsubishi UFJ, Ltd. on sale of Non-Core Project Finance assets

The Royal Bank of Scotland Group plc announces today it has signed a non-binding Memorandum of Understanding with The Bank of Tokyo-Mitsubishi UFJ, Ltd. for the proposed sale of a Non-Core portfolio of approximately £3.8bn Project Finance assets. The portfolio is made up of global power, global oil & gas and infrastructure assets in the UK, EMEA, APAC and the Middle East.

The proposed sale is subject to the signing of a legally binding sale and purchase agreement and the subsequent receipt of required regulatory approvals and other consents.

Richard O'Connor

Investor Relations

+44 (0) 20 7672 1758

Group Media Centre

Tel: +44 (0) 131 523 4205

END