NEWS RELEASE

             RBS LAUNCHES RETAIL CORPORATE NOTES WITH INCAPITAL LLC

Stamford, CT, 8 November 2010

RBS Securities Inc. (RBSSI) today announced an agreement with Incapital LLC to
distribute Retail Corporate Notes (Notes) issued by The Royal Bank of Scotland
plc (RBS plc) to retail investors through Incapital's distribution network of
over 600 broker dealers, bank trust departments, asset managers and registered
investment advisors (RIAs).

The Notes are direct, unsecured and unsubordinated debt obligations of RBS plc
with maturities ranging from 9 months to 30 years. The Notes are guaranteed by
The Royal Bank of Scotland Group plc (RBS Group), the parent company of RBS
plc. The Notes are typically issued in denominations of $1,000 and return the
full principal amount (par) on a specified maturity date subject to the
issuer's and guarantor's creditworthiness. More than $300 billion worth of
corporate notes have been issued over the past 10 years and approximately 40
corporate issuers have active new issue note programs designed for retail
investors in the US.

"Retail corporate notes provide a convenient way for retail investors to invest
in the original issuance of RBS plc corporate bonds at a fixed price during
weekly offering periods," said Michael Nelskyla, Managing Director of RBS
Investor Products group. "Incapital is renowned for their corporate note
distribution capabilities, and we are pleased to have the opportunity to work
closely with them and expand our investor base."

Incapital President John Radtke said: "In a low interest-rate environment,
investors are increasingly looking for yield through various fixed-income
products. RBS plc has a strong name and creditworthiness, which makes them an
ideal issuer for our client proposition."

Media Enquiries:

The Royal Bank of Scotland:
Pholida Phengsomphone
+1 203.897.3350
pholida.phengsomphone@rbs.com

Incapital:
Scott Matter
+1 212. 354. 5588
smatter@mcgrathmatter.com

The Royal Bank of Scotland plc. Registered in Scotland No. 90312. Registered
Office: 36 St. Andrew Square, Edinburgh EH2 2YB. Authorised and regulated by the
Financial Services Authority.

NEWS RELEASE

RBS Global Banking and Markets (GBM)

RBS Global Banking and Markets (GBM) division is a leading banking partner to
major corporations, financial institutions and public sector clients around the
world. GBM provides an extensive range of debt, equity and commodity markets,
treasury and investor products, and financial advisory services. The division
focuses on long-term customer relationships and excellence in global product
execution. GBM is active in the Americas, EMEA and Asia Pacific.

RBS plc and RBS Group have filed a registration statement (including a
prospectus) with the U.S. Securities and Exchange Commission (SEC) for the
offerings of Notes to which this communication relates. Before you invest in any
Notes, you should read the prospectus in that registration statement and other
documents that have been filed with the SEC for more complete information about
RBS plc and RBS Group, and the relevant offerings. You may get these documents
for free by visiting EDGAR on the SEC's site at www.sec.gov. Alternatively,
RBS Securities Inc. or any dealer participating in the relevant offering will
arrange to send you the prospectus, prospectus supplement and the relevant
preliminary pricing supplement at no charge if you request it by calling
1-866-884-2071.

Copyright [C] 2010 RBS Securities Inc. All rights reserved. RBS Securities Inc.,
a U.S. registered broker-dealer, member of FINRA (http://www.finra.org) and SIPC
(http://www.sipc.org), is an indirect wholly-owned subsidiary of The Royal Bank
of Scotland plc. RBS is the marketing name for the securities business of RBS
Securities Inc.

The Royal Bank of Scotland plc. Registered in Scotland No. 90312. Registered
Office: 36 St. Andrew Square, Edinburgh EH2 2YB. Authorised and regulated by the
Financial Services Authority.