THE ROYAL BANK OF SCOTLAND SIGNS 100TH CLIENT ON BLOOMBERG FX

17th January 2006

The Royal Bank of Scotland, Global Banking and Markets ("RBS"), announces the signing of its 100th client on the Bloomberg Foreign Exchange ("FX") Platform.

RBS’s traded volumes have grown sharply on the Bloomberg FX Platform after only six months of going live. This reflects RBS’s ability to rapidly answer its client needs and cultivate new and existing relationships. It also reflects the growing appeal of Bloomberg's FX platform, which is part of the Bloomberg Professional® service -- the leading market data, news and analytics service with more than 260,000 users worldwide.

RBS was the first major international bank to announce back in May 2005 that it had gone live with streaming FX spot trading via the Bloomberg Professional service. This development complemented RBS’s existing electronic trading capabilities on Bloomberg allowing clients to trade FX and Fixed Income electronically.

The Bloomberg FX Platform offers enhanced straight-through processing and greater FX trading functionality, allowing clients to keep an eye on the markets, obtain news, use technical analysis and access research.

Commenting on the signing of the 100th client to Bloomberg FX, Tom Roche, Global Head of GBM eCommerce, RBS, said: "This is a considerable achievement in a short space of time, which saw several parts of the bank working together globally. We believe eCommerce is about service as well as product. We are absolutely committed to giving our customers a quality service where they can choose how they interact with us be it on the telephone or on an electronic platform."

"RBS has played a leadership role in going live with FX on Bloomberg," according to Philip Brittan of Bloomberg. "We are very pleased with the success RBS and its clients have had on the Bloomberg Foreign Exchange Platform."

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