As Agent Bank, please be advised of the following rate determined            on: 15-Dec-2008
 Issue                             � The Royal Bank of Scotland plc - Series 3046
                                   GBP 180,000,000.00 FRN Due 15-Jun-2010
 ISIN Number                       � XS0405668053
 Common Code / 144A ISIN           � 40566805
 Issue Nomin GBP                   � 180,000,000.00
 Period                            � 15-Dec-2008 to 16-Mar-2009              Payment Date 16-Mar-2009
 Number of Days                    � 91
 Rate                              � 3.2325
 Denomination GBP                  � 50,000.00             � 180,000,000.00                     �
                                                                                                     
 Amount Payable per Denomination   � 402.96                � 1,450,639.73                       �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
    
    


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