Report title: S&PCORRECT: Royal Bank of Scotland Group £200 Million Preference Share, Series 1 Rated 'BBB'
from S&P Credit Research
505 word report published Jan 12, 2009

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Abstract: LONDON (Standard&Poor's) Jan. 12, 2009--Standard&Poor's Ratings Services today corrected an administrative error relating to a preference share issued by U.K.-based The Royal Bank of Scotland Group PLC (RBSG; A/Stable/A-1). A RBSG £200 million 7.387% noncumulative sterling preference share, Series 1, issued in 2000, was inadvertently entered twice into our database at that time. As a result immediately prior to this correction release, we had assigned both a correct 'BBB' rating and an incorrect 'A' rating. The preference share, however, maintains the 'BBB' rating and we have corrected our database by removing the 'A' rating. RATINGS LIST £200 million 7.387% noncumulative sterling preference share, Series 1 Issued in 2000 BBB

Brief Excerpt: RESEARCH Ratings Definitions S&PCORRECT: Royal Bank of Scotland Group Aú200 Million Preference Share, Series 1 Rated '###' Publication date: 12-Jan-2009 Primary Credit Analyst: Nigel Greenwood, London (44) 20-7176-7211; nigel_greenwood@standardandpoors....

Report Type: Ratings Action
Ticker: RBS@LN
Issuer: Royal Bank of Scotland Group PLC (The)
GICS: Diversified Banks (40101010)
Sector: Global Issuers, Public Finance, Structured Finance
Country: United Kingdom
Region: United States
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