RNS Number:5470O
Royal Bank of Scotland Group PLC
11 August 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
The Royal Bank of Scotland Group plc

2. Name of shareholder having a major interest
The Investment Company PLC

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
The Investment Company PLC

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
The Investment Company PLC

5. Number of shares / amount of stock acquired
-

6. Percentage of issued class
-

7. Number of shares / amount of stock disposed
25,000

8. Percentage of issued class
-

9. Class of security
11% Cumulative Preference Shares of #1 each

10. Date of transaction
23 July 2003

11. Date company informed
8 August 2003

12. Total holding following this notification
14,165

13. Total percentage holding of issued class following this notification
2.83%

14. Any additional information
-

15. Name of contact and telephone number for queries
Hew Campbell, Head of Group Secretariat 0131 523 4711

16. Name and signature of authorised company official responsible for making
this notification
Hew Campbell, Head of Group Secretariat 0131 523 4711

Date of notification
11 August 2003



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