RBS N.V. to RBS plc transfer

Implementation of the Dutch Scheme

Further to the previous announcements made in relation to the Dutch Scheme, RBS is pleased to announce that the final stage of the Dutch Scheme was implemented at 00:01hrs (British Summer Time) on 10 September 2012. Clients will continue to deal, and conduct business, with their local RBS teams as at present. Read more

On 19 April 2011 it was announced that the Boards of The Royal Bank of Scotland Group plc (RBSG), The Royal Bank of Scotland plc (RBS plc), RBS Holdings N.V. and The Royal Bank of Scotland N.V. (RBS N.V.) had approved the proposed transfers of a substantial part of the business activities of RBS N.V. to RBS plc (the Proposed Transfers). This is subject to, amongst other matters, regulatory and other approvals, further tax and other analysis in respect of the assets and liabilities to be transferred and employee consultation procedures.

The Proposed Transfers will streamline the manner in which RBS interact with its clients, providing simplified access to the group’s Markets and International Banking products.

It is expected that the Proposed Transfers will be implemented on a phased basis over a period ending 31 December 2013. A large part of the Proposed Transfers is expected to have taken place by the end of 2012. The first phase of the transfer took place during Q4 2011 when RBS successfully transferred certain business of RBS N.V. carried on in the United Kingdom to RBS plc.