The Royal Bank of Scotland - Stabilisation Notice

LONDON--()--Regulatory News:

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

NRW BANK

Stabilisation Notice

The Royal Bank of Scotland plc (contact: Devan Kadodwala +44 20 7085 8074) hereby gives notice that no stabilisation, within the meaning of the rules under Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC), was undertaken by the Stabilising Manager(s) named below in relation to the offer of the following securities.

Issuer:   NRW Bank
Guarantor (if any): German State
Aggregate nominal amount: USD
Description: Fixed Rate due 2018
Stabilising Manager(s) The Royal Bank of Scotland plc (Co-ordinating Stab Manager)

Merrill Lynch International

Deutsche Bank Aktiengesellschaft

J.P. Morgan Securities plc

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

Contacts

The Royal Bank of Scotland plc
Devan Kadodwala
+44 20 7085 8074

Contacts

The Royal Bank of Scotland plc
Devan Kadodwala
+44 20 7085 8074