ROYAL BANK OF SCOTLAND GROUP PLC


As Agent Bank, please be advised of the following rate determined on:1-Jul-2008

Issue               : Royal Bank of Scotland Group 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-2008 to 03-Oct-2008     Payment Date 03-Oct-2008
Number of Days      : 92
Rate                : 5.555
Denomination    EU  : 1,000.00          10,000.00           100,000.00

Amount Payable
per Denomination    : 14.20             141.96              1,419.61

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