As Agent Bank, please be advised of the following rate determined            on: 03-Dec-2008
 Issue                             � The Royal Bank of Scotland plc - Series 2826
                                   EUR 20,000,000.00 FRN Due 05-Sep-2012
 ISIN Number                       � XS0319482740
 Common Code / 144A ISIN           � 31948274
 Issue Nomin EUR                   � 20,000,000.00
 Period                            � 05-Dec-2008 to 05-Mar-2009              Payment Date 05-Mar-2009
 Number of Days                    � 90
 Rate                              � 3.903
 Denomination EUR                  � 50,000.00             � 20,000,000.00                      �
                                                                                                     
 Amount Payable per Denomination   � 487.88                � 195,150.00                         �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
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