81DV Nationwde.32

        
 As Agent Bank, please be advised of the following rate determined            on: 31-Dec-2008
 Issue                           � The Royal Bank of Scotland plc - Series 1589
                                 EUR 1,000,000,000.00 Subordinated FRN Due Perpetual
 ISIN Number                     � XS0195231526
 Common Code / 144A ISIN         � 19523152
 Issue Nomin EUR                 � 1,000,000,000.00
 Period                          � 05-Jan-2009 to 03-Apr-2009                   Payment Date 03-Apr-2009
 Number of Days                  � 88
 Rate                            � 3.492
 Denomination EUR                � 1,000.00                � 10,000.00                        � 100,000.00
                                                                                                          
 Amount Payable per              � 8.54                    � Pok85.36                         � 853.60
 Denomination
                                                                                                          
 Bank of New York
 Rate Fix Desk                                             Telephone            � 44 1202 689580
 Corporate Trust Services                                  Facsimile            � 44 1202 689601
    
    
    

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