26 February 2009

On 26 February, 2009, RBS Group plc announced its annual results for the full year 2008. As expected, the ongoing dislocation in financial markets and sharp deterioration in economic conditions has impacted our performance. In recognition of the need to adapt our business to the challenging markets, we have conducted an in-depth strategic review across all our products and geographies. As a consequence of this review RBS has announced its intention to consider options, including a potential sale of its Retail and Commercial Banking Business in Asia.

This decision underlines the strength of the Asian franchise and its attractiveness as an asset in a region where there is significant growth potential across several countries.

We believe that under new ownership and with a fresh capital injection the strong customer franchise built up over many years will continue to strengthen and grow, and remain a banker of choice for clients across the region.

Please be reassured that as we transition, your deposits continue to be guaranteed by the Singapore Government deposit guarantee scheme. In addition, the UK Government continues to stand behind RBS and its balance sheet and as a majority stakeholder.

Throughout the sale process your existing ATM card, credit card and cheque book will remain valid and will support all your transactional needs. We will continue to offer the same products, solutions and platforms as usual.

If you have any questions please call your local branch or email asia.communication@rbs.com