Royal Bank of Scotland plc


As Agent Bank, please be advised of the following rate determined on:13-Oct-2006

Issue               : The Royal Bank of Scotland plc - Series 380
                      EUR130,000,000 FRN Due 17 July 2012
ISIN Number         : XS0146469738
Common Code/
144A ISIN           : 14646973
Issue Nomin     EUR : 130,000,000.00
Period              : 17-Oct-2006 to 17-Jan-2007      Payment Date 17-Jan-2007
Number of Days      : 92
Rate                : 3.889
Denomination    EU  : 10,000.00
Amount Payable
per Denomination    : 99.39

JPMorgan Chase Bank
Institutional       Telephone   44(0) 1202 32 6660
Trust Services      Facsimile   44(0) 1202 34 1267
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