ROYAL BANK OF SCOTLAND GROUP PLC



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

Issue               : The Royal Bank of Scotland plc - Series 1589
                      EUR 1,000,000,000.00 Subordinated FRN Due Perpetual
ISIN Number         : XS0195231526
Common Code/        : 19523152
144A ISIN
Issue Nomin     EUR : 1,000,000,000.00
Period              : 03-Jan-2007 to 03-Apr-2007          Payment Date 03-Apr-2007
Number of Days      : 90
Rate                : 4.325
Denomination EUR    : 1,000.00          10,000.00           100,000.00

Amount Payable
per Denomination    : 10.81             108.13              1,081.25

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services  Facsimille          44 (0) 1202 34 7939
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