SOURCE: Royal Bank of Scotland Group PLC

August 05, 2011 11:24 ET

RBS N.V.: Expected Part VII Scheme

EDINBURGH, SCOTLAND--(Marketwire - Aug 5, 2011) -


5 August 2011

Structured Retail Products issued by RBS N.V.: Expected Part VII Scheme

On 19 April 2011, 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.) announced that they had approved the proposed transfers of a substantial part of the business activities of RBS N.V. to RBS plc (the "Proposed Transfers"), subject, amongst other matters, to regulatory and other approvals, further tax and other analysis in respect of the assets and liabilities to be transferred and employee consultation procedures. On 21 July 2011, RBS plc and RBS N.V. announced, subject to the disclaimer set out in that announcement, the publication of details of those securities issued by RBS N.V. which are eligible for the Part VII Scheme, indicating whether or not RBS plc is expected to become the issuer pursuant to the Part VII Scheme (subject to the relevant securities not having been exercised, redeemed or repurchased and cancelled prior to the implementation of the Part VII Scheme). For full details of these announcements, investors should refer to http://www.investors.rbs.com/RBS_NV.

In addition to the list of securities published on 21 July 2011, RBS N.V. and RBS plc hereby list the following further securities which are eligible for the Part VII Scheme indicating whether or not RBS plc is expected to become the issuer as a result of the Part VII Scheme (subject to the relevant securities not having been exercised, redeemed or repurchased and cancelled prior to the implementation of the Part VII Scheme).


ISIN          WKN      Valor      RBS plc expected to become the issuer
                                  pursuant to the Part VII Scheme?

XS0598127859          12606477    Yes

XS0609216790          12607059    Yes

XS0609252837          12606756    Yes

XS0609255855          12606725    No

XS0547255157          13420817    Yes

NL0000105377          2434671     Yes

XS0251783436          2664980     Yes

NL0009280817 AA13Y2   10649767    Yes

DE000AA0MDX8 AA0MDX   3081702     Yes

NL0009009919          2548894     No

NL0000736122 AA0CRC   2810898     No

NL0000029809 ABN9SE   2255925     No

NL0000062198 ABN2K6   2347346     No

NL0000771509 AA0D5H   2873740     No

Subject to the Disclaimer set out below, the information set out above is up-to-date as at the date indicated on this document and investors should refer to http://www.investors.rbs.com/RBS_NV from time to time for updated information. Details of RBS N.V.'s Fixed Income Securities (excluding Structured Retail Products) can also be viewed at http://www.investors.rbs.com/RBS_NV.

For Further Information Contact:

RBS Group Investor Relations            RBS Group Media Relations

Emete Hassan, Head of Debt Investor     Michael Strachan, Group Media
Relations                               Centre

+44 207 672 1758                        +44 131 523 4414

Disclaimer

No person should place any reliance on the information referred to in this announcement concerning securities or guarantees in respect of which RBS plc is or is not expected to become the issuer or the guarantor or any other details of the Part VII Scheme in connection with making an investment decision or for any other purpose and should be aware that changes to the current proposals (including, without limitation, to the identity of the securities in respect of which RBS plc may become the issuer, the eventual manner in which RBS plc may become the issuer of such securities, the timing pursuant to which RBS plc may become the issuer of such securities or any other details of the Part VII Scheme as set out above or to the plans for the guarantees of the guaranteed securities of RBS N.V.) may be made if required, or if determined by RBS N.V. or RBS plc (in their absolute discretion) to be desirable for commercial or other reasons. Accordingly, nothing in this announcement should be taken as (or is) a representation that RBS plc will or will not become the issuer or guarantor of any of the RBS N.V. securities or guarantees, whether in the manner described in this announcement, in accordance with the timing set out in this announcement, or at all. Investors should refer to http://www.investors.rbs.com/RBS_NV for information as to which securities RBS plc is or is not expected to become the issuer of as a result of the Part VII Scheme (such information being up-to-date as at the date there indicated). For the avoidance of doubt, this announcement has been prepared and circulated solely for information purposes and does not constitute an offer to any person. If you are in any doubt as to whether there is any tax or other impact on you as a result of the Proposed Transfers (including the Part VII Scheme), please discuss such matters with your advisers.

Cautionary Statement

Certain statements found in this document may constitute "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such "forward-looking statements" reflect management's current views with respect to certain future events and financial performance and include any statement that does not directly relate to any historical or current fact. Words such as"anticipate,""believe,""expect,""estimate,""forecast,""intend,""plan,""pr oject" and similar expressions which indicate future events and trends may identify "forward-looking statements". In particular, this document includes forward-looking statements relating, but not limited, to the Proposed Transfers (including the Part VII Scheme). Such statements are based on current plans, estimates and projections and are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those projected or implied in the "forward-looking statements". Certain "forward-looking statements" are based upon current assumptions of future events which may not prove to be accurate. Other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: the ability to complete restructurings on a timely basis; regulatory or legal changes (including those requiring any restructuring of the operations of RBSG, RBS plc, RBS Holdings N.V. or RBS N.V.) in the United Kingdom, the Netherlands, the United States and other countries in which these entities operate; changes in UK and foreign laws, regulations, accounting standards and taxes, including changes in regulatory capital regulations and liquidity requirements; and the success of RBSG, RBS plc, RBS Holdings N.V. or RBS N.V. in managing the risks involved in the foregoing.

Undue reliance should not be placed on "forward-looking statements" as such statements speak only as of the date of this document. Neither RBSG, RBS plc, RBS Holdings N.V. nor RBS N.V. undertake to update any forward-looking statement contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

The information, statements and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments.

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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