Royal Bank of Scotland plc



As Agent Bank, please be advised of the following rate determined on: 15-Jan-2007

Issue               : The Royal Bank of Scotland plc - Series 380
                      EUR 130,000,000.00  FRN Due 17 July 2012
ISIN Number         : XS0146469738
Common Code/        : 14646973
144A ISIN
Issue Nomin     EUR : 130,000,000.00
Period              : 17-Jan-2007 to 17-Apr-2007          Payment Date 17-Apr-2007
Number of Days      : 90
Rate                : 4.136
Denomination EUR    : 10,000.00

Amount Payable
per Denomination    : 103.40

JPMorgan Chase Bank
Rate Fix Desk                           Telephone 44 (0) 1202 32 8226
Institutional Trust Services  Facsimille          44 (0) 1202 34 7939
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