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Securitisation Transaction

31st May 2006 10:59

Royal Bank of Scotland Group PLC31 May 2006 The Royal Bank of Scotland Group plans Corporate Loan Synthetic Securitisation 31 May 2006 The Royal Bank of Scotland Group (RBSG) is pleased to announce that The RoyalBank of Scotland plc (RBS) plans to launch a securitisation transaction linkedto its sterling corporate loan book. This securitisation is structured as afunded synthetic collateralised loan obligation. Marketing will take place over the next two weeks for a circa £3.5bn issue to beplaced in US Dollars, Euros and Sterling. The Securities will not be registeredunder the US Securities Act of 1933 (the "Securities Act") and may not beoffered or sold in the United States except to qualified institutional buyersunder Rule 144A of the securities Act. This announcement should not be construed as an offer or solicitation to buy orsell the Securities or any other securities, or any interest in any securities,and nothing herein should be construed as a recommendation or advice to investin any securities. The investments and investment services referred to hereinare available only to persons to whom this material may be lawfully delivered inaccordance with applicable securities laws. This includes any sale of Securitiesin any State of the United States in which such an offer, solicitation or salewould be unlawful prior to registration or qualification under the SecuritiesLaws of any such State. This material is not available to private customerswithin the meaning of the rules of the Financial Services Authority. This announcement is not for publication or distribution in the United States. For further information, please contact: The Royal Bank of Scotland Group plc Richard O'Connor Ron Huggett Head of Investor Relations Director, Capital Management 280 Bishopsgate 280 Bishopsgate London London EC2M 4RB EC2M 4RB Tel: +44 (0)20 7672 1758 Tel: +44 (0)20 7085 4925 This information is provided by RNS The company news service from the London Stock Exchange

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