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THE ROYAL BANK OF SCOTLAND BREAKS INTO THE TOP FIVE IN EUROMONEY FX POLL 2006

5th May 2006

The Royal Bank of Scotland (RBS) has taken fifth place in the prestigious Euromoney FX poll 2006, a phenomenal rise of six places from last year.

This gratifying result is recognition of RBS’s strong execution skills, not only in the large corporate and institutional space, but also as one of the key players in the SME market for FX.

RBS has continued to invest in its FX business during 2005 by broadening and reinforcing its top five capability across the broadest array of electronic platforms. It has also delivered specific improvements to offerings in currency derivatives, prime clearing and quantitative analysis as well as hiring senior professionals from other leading firms to bolster the personal service that the existing and longstanding team of RBS professionals offers the world’s most discerning clients.

Peter Nielsen, Head of Treasury & Investor Products, Global Banking & Markets, RBS, commented: “This survey clearly demonstrates that RBS can provide the best service and products in the market place. I would like to thank all of our clients for their votes and their feedback on how we can continue to support their business in the future. Although this high accolade is pleasing what really counts is that they continue to work with us and we continue to improve our offering.”

Euromoney’s FX poll is compiled from client feedback and focuses on the volume of business being undertaken.