TIDM80PL 
 
 
As Agent Bank, please be advised of the following rate determined  on: 21/12/11 
Issue                            ¦ The Royal Bank Of Scotland - US$350,000,000 Undated FR Primary  Capital Notes 
ISIN Number                      ¦ GB0007547507 
ISIN Reference                   ¦ 7547507 
Issue Nomin USD                  ¦ 350,000,000 
Period                           ¦ 23/12/11 to 25/06/12    Payment Date 25/06/12 
Number of Days                   ¦ 185 
Rate                             ¦ 1.125 
Denomination USD                 ¦ 10,000  ¦ 250,000          ¦ 
Amount Payable per Denomination  ¦ 57.81   ¦ 1,445.31         ¦ 
Bank of New York 
Rate Fix Desk                             Telephone         ¦ 44 1202 689580 
Corporate Trust Services                   Facsimile        ¦ 44 1202 689601
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