Sale by RBS Sempra Commodities

1 November 2010

The Royal Bank of Scotland Group plc (RBS) has completed the previously announced sale by RBS Sempra Commodities (RBSSC), its joint venture with Sempra Energy, of its Sempra Energy Solutions business line to Noble Americas Gas and Power Corp. (Noble). Noble has acquired this business for consideration of approximately US$318m in cash, plus the assumption of all intercompany debt. RBS continues to consider various alternatives for the modest level of residual assets and liabilities of RBSSC.