RBS Completes Sale of Key Sempra JV Assets

RBS Completes Sale of Key Sempra JV Assets

1 December 2010

The Royal Bank of Scotland Group plc (RBS) has completed the previously announced sale by RBS Sempra Commodities (RBSSC), RBS's joint venture with Sempra Energy, of substantial assets of its commodities trading North American Power and Gas business lines to J.P. Morgan Ventures Energy Corporation. RBS continues to consider various alternatives for the modest level of residual assets and liabilities of RBSSC.

For media enquiries:

Aoife Reynolds +44 (0) 203 361 1588

Michael Geller +1 203 897 3579

For Investor Relations enquiries please contact:

Richard O'Connor +44 (0) 207 672 1758

Alexander Holcroft +44 (0) 207 672 1982