81DV Nationwde.32

    


ROYAL BANK OF SCOTLAND GROUP PLC

As Agent Bank, please be advised of the following rate determined on:29-Sep-2006


Issue               : The Royal Bank of Scotland plc - Series 1589
                      EUR 1,000,000,000 Subordinated FRN due Perpetual
ISIN Number         : XS0195231526
Common Code/

144A ISIN           : 19523152
Issue Nomin     EUR : 1,000,000,000.00
Period              : 03-Oct-2006 TO 03-Jan-2007      Payment Date 03-Jan-2007
Number of Days      : 92
Rate                : 4.017
Denomination    EU  : 1,000.00      10,000.00       100,000.00

Amount Payable      : 10.27          102.66          1,026.57
per Denomination


JPMorgan Chase Bank

Rate Fix Desk                     Telephone   44(0) 1202 34 1286
Institutional Trust Services      Facsimile   44(0) 1202 34 1267

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