FRN Variable Rate Fix

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FRN Variable Rate Fix

        
 As Agent Bank, please be advised of the following rate determined            on: 18-Dec-2008
 Issue                             � The Royal Bank of Scotland - Series 3051
                                   USD 30,000,000.00 FRN Due 21-Dec-2009
 ISIN Number                       � XS0406270149
 Common Code / 144A ISIN           � 40627014
 Issue Nomin USD                   � 30,000,000.00
 Period                            � 22-Dec-2008 to 20-Mar-2009              Payment Date 20-Mar-2009
 Number of Days                    � 88
 Rate                              � 1.925
 Denomination USD                  � 100,000.00            � 30,000,000.00                      �
                                                                                                     
 Amount Payable per Denomination   � 470.56                � 141,166.67                         �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601

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