Royal Bank of Scotland Plc


As Agent Bank, please be advised of the following rate determined on: 03-Dec-2007

Issue               : The Royal Bank of Scotland plc - Series 2826
                      EUR 20,000,000.00  FRN Due 5 Sep 2012
ISIN Number         : XS0319482740
Common Code/        : 31948274
144A ISIN
Issue Nomin     EUR : 20,000,000.00
Period              : 05-Dec-2007 to 05-Mar-2008          Payment Date 05-Mar-2008
Number of Days      : 91
Rate                : 4.99625
Denomination EUR    : 50,000.00         20,000,000.00

Amount Payable
per Denomination    : 631.47            252,588.19

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