81DV Nationwde.32

    

ROYAL BANK OF SCOTLAND GROUP PLC


As Agent Bank, please be advised of the following rate determined on: 29-Jun-2007

Issue               : The Royal Bank of Scotland plc - Series 1589
                      EUR 1,000,000,000 Subordinated FRN due Perpetual
ISIN Number         : XS0195231526
Common Code/        : 19523152
144A ISIN
Issue Nomin     EUR : 1,000,000,000.00
Period              : 03-Jul-2007 to 03-Oct-2007          Payment Date 03-Oct-2007
Number of Days      : 92
Rate                : 4.775
Denomination EUR    : 1,000.00          10,000.00           100,000.00

Amount Payable
per Denomination    : 12.20             122.03              1,220.28


Bank of New York
Rate Fix Desk                        Telephone  44 1202 689580
Corporate Trust Services             Facsimille 44 1202 689601

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