BUILDING TOMORROW(TM)

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Please join RBS
at the NASDAQ
Market Site

Introducing the RBS
NASDAQ-100([R]) Trendpilot[TM] ETN
A new way to gain exposure to
the NASDAQ-100([R]) Index

Wednesday February 8th, 2012
7:30AM -- 10:30AM
Hosted by:

Sean O'Hara
Director
Pacer Financial

Michael Nelskyla
Managing Director, Head of North
American Investor Products
RBS

Robert Ross
US Equity Desk Strategist
RBS

Rob Hughes
Managing Director
NASDAQ OMX

Limited space available, please call 855-RBS-ETPS or
e-mail rebecca.lasley@rbs.com to reserve your spot
today.

NASDAQ Market Site
4 Times Square
New York, NY 10036
On the corner of 43rd and Broadway
                                                                             RBS
                                                                               1

FOR BROKER-DEALERS AND REGISTERED INVESTMENT ADVISERS ONLY. NOT FOR
DISTRIBUTION TO INVESTORS.

CERTAIN RISK CONSIDERATIONS: The RBS NASDAQ-100([R]) Trendpilot[TM] ETNs (the
"RBS ETNs") involve risks not associated with an investment in conventional
debt securities, including a possible loss of some or all of the amount
invested. The level of the RBS NASDAQ-100([R]) Trendpilot[TM] Index (USD) (the
"Index") must increase by an amount suf[]cient to offset the aggregate investor
fee applicable to the RBS ETNs in order for investors to receive at least the
principal amount of their investment back at maturity or upon early repurchase
or redemption. The Index may underperform the NASDAQ-100([R]) Total Return
Index(SM) (the "Benchmark Index"), and is expected to perform poorly in
volatile markets. Liquidity of the market for RBS ETNs may vary over time. The
RBS ETNs are not principal protected and do not pay interest. Any payment on
the RBS ETNs is subject to the ability of The Royal Bank of Scotland plc ("RBS
plc"), as the issuer, and The Royal Bank of Scotland Group plc ("RBS Group"),
as the guarantor, to pay their respective obligations when they become due.
Investors should carefully consider whether the RBS ETNs are suited to their
particular circumstances before deciding to purchase them. Investors should
consult with their investment, legal, accounting, tax and other advisors with
respect to any investment in the RBS ETNs.

The RBS ETNs are not suitable for all investors. Investors should carefully
read the relevant pricing supplement and prospectus, including the more
detailed explanation of the risks involved in any investment in the RBS ETNs as
described in the "Risk Factors" section of the pricing supplement, before
investing.

IMPORTANT INFORMATION: RBS plc and RBS Group have filed a registration
statement (including a prospectus) with the U.S. Securities and Exchange
Commission (SEC) for the offering of RBS ETNs to which this communication
relates. Before you invest in any RBS ETNs, you should read the prospectus in
that registration statement and other documents that have been filed by RBS plc
and RBS Group with the SEC for more complete information about RBS plc and RBS
Group, and the offering. You may get these documents for free by visiting EDGAR
on the SEC's web site at www.sec.gov. Alternatively, RBS plc, RBS Securities
Inc. (RBSSI) or any dealer participating in the offering will arrange to send
you the prospectus and the pricing supplement at no charge if you request it by
calling 1-855-RBS-ETPS (toll-free).

NASDAQ([R]), OMX([R]), NASDAQ OMX([R]), NASDAQ-100([R]), NASDAQ-100 Index([R])
and NASDAQ-100([R]) Total Return Index(SM) are registered trademarks and
service marks of The NASDAQ OMX Group, Inc. and are licensed for use by RBS
plc.

The Index is the property of RBS plc. RBS plc has contracted with The NASDAQ
OMX Group, Inc. (which with its af[]liates and subsidiaries is referred to as
the "Corporations") to calculate and maintain the Index, either directly or
through a third party. Currently, the Index is calculated and maintained by
Standard and Poor's ("S-P") on behalf of The NASDAQ OMX Group, Inc. S-P and the
Corporations shall have no liability for any errors or omissions in calculating
the Index. The RBS ETNs, which are based on the Index, have not been passed on
by the Corporations or S-P as to their legality or suitability and are not
sponsored, endorsed, sold or promoted by the Corporations or S-P. THE
CORPORATIONS AND S-P MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO
THE RBS ETNs.

Copyright[C] 2012 RBS Securities Inc. All rights reserved. RBS Securities Inc.,
a U.S. registered broker-dealer, member of FINRA and SIPC, is an indirect
wholly-owned subsidiary of The Royal Bank of Scotland plc and an af[]liate of
RBS NV.