FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

As Agent Bank, please be advised of the following rate determined on: 28/12/2012
Issue	¦ The Royal Bank of Scotland - Series 3174 EUR 6,000,000 FRN due 9 Sep 2016
ISIN Number	¦ XS0499859758
ISIN Reference	¦ 49985975
Issue Nomin EUR	¦ 6000000
Period	¦ 02/01/2013 to 02/04/2013			Payment Date 02/04/2013
Number of Days	¦ 90
Rate	¦ 3.23
Denomination EUR	¦ 50000		¦ 6000000		¦
Amount Payable per Denomination	¦ 403.75		¦ 48450. 0		¦
Bank of New York
Rate Fix Desk	Telephone			¦ 44 1202 689580
Corporate Trust Services		Facsimile		¦ 44 1202 689601