ABN AMRO Bank N.V. - Company Announcement

Effective date of Part VII Scheme

17 October 2011

On 23 September 2011, The Royal Bank of Scotland plc (RBS plc) and The Royal
Bank of Scotland N.V. (RBS N.V.) (formerly known as ABN AMRO Bank N.V.)
announced that the Court of Session in Scotland (the “Court”) had approved an
order under Part VII of the UK Financial Services and Markets Act 2000 (the
“Act”) to sanction a banking business transfer scheme in respect of eligible
business carried on in the UK by RBS N.V. (the “Part VII Scheme”). 

RBS plc and RBS N.V. announce that the Part VII Scheme, as approved by the
Court, took effect at 00:01hrs. on 17 October 2011 (the “Effective Date”). 

Investors in securities originally issued by RBS N.V. and which RBS plc has
become the issuer of pursuant to the Part VII Scheme should note that certain
third parties (including stock exchanges and clearing systems) are updating
their websites and systems to reflect the change of issuer. This may not be
implemented immediately from the Effective Date. Investors should refer to the
website http://www.investors.rbs.com/RBS_NV (for securities issued prior to 21
July 2011) or the issue and/or offer documents (including term sheets) (for
securities issued from on or around 21 July 2011) for information as to whether
RBS plc has become the issuer of their securities from the Effective Date as a
result of the Part VII Scheme. 

 For Further Information Contact:



RBS Group Investor Relations                   RBS Group Media Relations 
Emete Hassan, Head of Debt Investor Relations  Michael Strachan, Group Media
Centre 
+44 207 672 1758                               +44 131 523 4414 



Disclaimer

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 of a substantial part of the business
activities of RBS N.V. to RBS plc (including the Part VII Scheme), please
discuss such matters with your advisers. 



Cautionary Statement

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.