FOR INSTITUTIONS ONLY, NOT FOR USE WITH RETAIL INVESTORS. THIS COMMUNICATION IS
INTENDED ONLY FOR ADDRESSEE; NOT FOR FORWARDING.

Now Available: The RBS ETN Series Notebook

The RBS ETN Series Notebook is designed for institutional use only and
features:

[]   Three core strategies: Trend-following, Rebalance, and RICI Enhanced(SM)
     Commodity Indices
[]   Historical and hypothetical backtested comparisons of how the RBS indices
     compare with their respective benchmarks
[]   Performance of the RBS ETNs as of June 30, 2013

*Click on the link to view the new institutional pitchbook:
http://www.pacerfinancial.com/pdf/rbs_pitchbook_web.pdf

Highlighted below is a historical backtested comparison of the RBS US Large Cap
Trendpilot[] Index (net of fees) against its benchmark index, the SandP 500([R])
Total Return Index.

RBS US Large Cap Trendpilot[] Index - Hypothetical Growth of $10,000
Retrospectively Calculated and Actual Historical Trendpilot[] Index Performance
and Historical Comparisons: May 22, 1991 to June 30, 2013

[GRAPHIC OMITTED]

Rolling 1-Year Performance and Historical Volatility Comparison
June 30, 1992 - June 30, 2013


                    RBS US Large Cap Trendpilot[TM]
                    Index (Net of Fees)           SandP 500([R]) Total Return Index
------------------- ----------------------------- -------------------------------
Minimum Performance                  -4.62%                       -26.21%
Maximum Performance                  33.35%                        34.70%
Annualized Average                   9.09%                          8.47%
5-Year Volatility                    10.93%                        18.42%
------------------- ----------------------------- -------------------------------

*Information contained on any other URL is not incorporated by reference in,
and should not be considered part of, this communication

FOR MORE INFORMATION PLEASE SEE THE RBS US LARGE CAP TRENDPILOT[] PRICING
SUPPLEMENT.
Source: Bloomberg. The above, with respect to the RBS US Large Cap Trendpilot[]
Index, reflects the deduction of the annual investor fee for the RBS US Large
Cap Trendpilot[] ETNs, which is equal to 1.00% per annum when the RBS US Large
Cap Trendpilot[] Index tracks the SandP 500([R]) Total Return Index and 0.50% per
annum when the RBS US Large Cap Trendpilot[] Index[] tracks the Cash Rate. The
RBS US Large Cap Trendpilot[] Index was created on November 16, 2010.
Therefore, the graph reflects actual RBS US Large Cap Trendpilot[] Index
performance from November 16, 2010 through June 30, 2013 and reflects a
retrospectively calculated RBS US Large Cap Trendpilot[] Index performance from
May 22, 1991 through November 15, 2010 which is based on the index methodology
published by the index sponsor and described in the applicable pricing
supplement.
PAST PERFORMANCE (WHETHER RETROSPECTIVELY CALCULATED OR ACTUAL HISTORICAL) IS
NOT INDICATIVE OF FUTURE RESULTS. YOU CAN NOT INVEST DIRECTLY IN AN INDEX.
The RBS US Large Cap Trendpilot(TM) pricing supplement includes a description
of the applicable index methodology, which can be found at the link below and
we can provide a copy to you upon request. The RBS US Large Cap Trendpilot(TM)
ETNs are relatively new products and any performance prior to the live date of
the RBS US Large Cap Trendpilot(TM) Index is hypothetical and does not reflect
actual returns. No actual investment that allowed tracking of the performance
of the RBS US Large Cap Trendpilot(TM) Index was possible before its live date.
The retrospectively calculated index performance contained above is based on
criteria applied retroactively with the benefit of hindsight and knowledge of
factors that may have positively affected its performance, and cannot account
for all financial risk that may affect the actual performance of the RBS US
Large Cap Trendpilot(TM) ETNs. The actual performance of the RBS US Large Cap
Trendpilot(TM) ETNs may vary significantly from the retroactively calculated
index performance data contained herein.

For more information on the RBS ETN Series please contact 855.RBS.ETPS
(855.727.3877) or visit: http://usmarkets.rbs.com/etnUS

CERTAIN RISK CONSIDERATIONS: RBS ETNs involve risks not associated with an
investment in conventional debt securities, including a possible loss of some
or all of your investment. The level of the relevant Index must increase by an
amount sufficient to offset the aggregate investor fee applicable to the RBS
ETNs in order for investors to receive at least the principal amount of their
investment back at maturity or upon early repurchase or redemption. Each
Trendpilot[] Index may underperform its respective Benchmark Index, and is
expected to perform poorly in volatile markets. Even though the RBS ETNs are
listed on the NYSE Arca, a trading market may not develop and the liquidity of
the RBS ETNs may be limited and/or vary over time, as RBS plc is not required
to maintain any listing of the RBS ETNs. The intraday indicative value and the
daily redemption value are not the same as the trading price or market price of
the RBS ETNs in the secondary market. RBS plc has the right to redeem the RBS
ETNs, in its sole discretion. If RBS plc elects to redeem the RBS ETNs, you may
not be able to reinvest your proceeds in a comparable investment. Pursuant to
our announced plan to exit the structured retail investor products business,
the likelihood that we will redeem the ETNs prior to maturity has increased.
See "Recent Developments" for more information.The RBS ETNs are not principal
protected and do not pay interest. Any payment on the RBS ETNs is subject to
the ability of RBS plc and RBS Group to pay their respective obligations when
they become due. Investors should carefully consider whether the RBS ETNs are
suited to their particular circumstances before deciding to purchase them. We
urge investors to consult with their investment, legal, accounting, tax and
other advisors with respect to any investment in the RBS ETNs. The RBS ETNs are
not suitable for all investors. Investors should carefully read the relevant
pricing supplement and prospectus, including the more detailed explanation of
the risks involved in any investment in the RBS ETNs as described in the "Risk
Factors" section of the applicable pricing supplement, before investing.

IMPORTANT INFORMATION: The Royal Bank of Scotland plc (RBS plc) and The Royal
Bank of Scotland Group plc (RBS Group) have filed a registration statement
(including a prospectus) with the U.S. Securities and Exchange Commission (SEC)
for the offering of RBS ETNs to which this communication may relate. Before you
invest in any RBS ETNs, you should read the prospectus in that registration
statement and other documents that have been filed by RBS plc and RBS Group
with the SEC for more complete information about RBS plc and RBS Group, and the
offering. You may get these documents for free by visiting EDGAR on the SEC's
web site at www.sec.gov. Alternatively, RBS plc, RBS Securities Inc. (RBSSI) or
any dealer participating in the offering will arrange to send you the
prospectus and the pricing supplement at no charge if you request it by calling
1-855-RBS-ETPS (toll-free).

RECENT DEVELOPMENTS
On June 13, 2013, we announced that we would be exiting the structured retail
investor products business that is responsible for issuing and maintaining the
RBS ETNs, and that we expect to move such business into a runoff organization
which will go through a process of restructuring and / or business sales (the
"RBS Retail Investor Products Exit Plan"). The implementation of the RBS
Retail Investor Products Exit Plan increases the likelihood that the RBS ETNs
will be redeemed by us prior to maturity. We plan to continue to maintain and
issue the RBS ETNs, but our plans could change. We cannot give you any
assurances as to any minimum period of time that you may hold the RBS ETNs
before we redeem them at our option.

DEFINITIONS OF CERTAIN DEFINED TERMS USED HEREIN
Annualized Average represents the calculated hypothetical rate of return that,
if cumulatively applied to each relevant annual period during the time period
indicated, would result in the actual cumulative rate of return for the entire
period.
Maximum Performance represents the highest one-year returns, as measured from
6/30 to 6/30 of each year during the period indicated.
Minimum Performance represents the lowest one-year returns, as measured from
6/30 to 6/30 of each year during the period indicated.
5-Year Volatility: Based on monthly returns over the last five years unless
stated otherwise (from most recent date indicated on slide) and expressed as
standard deviation percentage. Standard deviation is a measure of volatility,
and illustrates the extent of variation (whether higher or lower) that exists
from the average given set of results. A low standard deviation indicates that
the results tend to be very close to the average result (a low degree of
volatility). In contrast, a high standard deviation indicates that the results
are spread out over a large range of outcomes (a high degree of volatility).
Because the standard deviation is based on historical data, it may not predict
variability in annualized performance of the RBS ETNs in the future.

RBS US Large Cap Trendpilot[] Index (USD), is the property of The Royal Bank of
Scotland plc, which has contracted with SandP Opco, LLC (a subsidiary of SandP Dow
Jones Indices LLC) ("SandP Dow Jones Indices") to maintain and calculate the
Index. The SandP
500([R]) Index is the exclusive property of SandP Dow Jones Indices and have been
licensed for use by RBSSI and its affiliates in connection with the RBS US
Large Cap Trendpilot[] Index (USD). SandP Dow Jones Indices shall have no
liability for any errors or omissions in calculating the Index. SandP([R]) is a
registered trademark of Standard and Poor's Financial Services LLC ("SPFS") and
Dow Jones([R]) is a registered trademark of Dow Jones Trademark Holdings LLC
("Dow Jones"). These trademarks have been licensed to SandP Dow Jones Indices.
"Standard and Poor's([R])", "SandP([R])" and "SandP 500([R])" are registered
trademarks of SPFS and have been licensed for use by RBSSI and its affiliates.
The RBS US Large Cap Trendpilot[] ETNs, are not sponsored, endorsed, sold or
promoted by SandP Dow Jones Indices, SPFS, Dow Jones, their affiliates or their
third party licensors, and neither SandP Dow Jones Indices, SPFS, Dow Jones,
their affiliates or their third party licensors make any representation
regarding the advisability of investing in such RBS ETNs.

The RBS ETNs are not sponsored, endorsed, sold or promoted by Beeland Interests
Inc. ("Beeland Interests"), James B. Rogers, Jr. or Diapason Commodities
Management SA ("Diapason"). Neither Beeland Interests, James B. Rogers, Jr. nor
Diapason makes any representation or warranty, express or implied, nor accepts
any responsibility, regarding the accuracy or completeness of this document, or
the advisability of investing in securities or commodities generally, or in the
RBS ETNs or in futures particularly. "Jim Rogers", "James Beeland Rogers, Jr.",
"Rogers", "Rogers International Commodity Index", "RICI", "RICI Enhanced", and
the names of all other RICI Enhanced(SM) Indices mentioned herein are
trademarks, service marks and/or registered marks of Beeland Interests, Inc.,
which is owned and controlled by James Beeland Rogers, Jr., and are used
subject to license. The personal names and likeness of Jim Rogers/James Beeland
Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.

NEITHER BEELAND INTERESTS NOR DIAPASON, NOR ANY OF THEIR RESPECTIVE AFFILIATES
OR AGENTS, GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE ROGERS
INTERNATIONAL COMMODITY INDEX

("RICI"), THE RICI ENHANCED, ANY SUB-INDEX THEREOF, OR ANY DATA INCLUDED
THEREIN. SUCH PERSON SHALL
NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN AND
MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY OWNERS
OF THE RBS ETNS, OR ANY OTHER PERSON OR
ENTITY FROM THE USE OF THE RICI, THE RICI ENHANCED, ANY SUB-INDEX THEREOF, ANY
DATA INCLUDED THEREIN OR THE RBS ETNS. NEITHER BEELAND INTERESTS NOR DIAPASON,
NOR ANY OF THEIR RESPECTIVE AFFILIATES OR
AGENTS, MAKES ANY EXPRESS OR IMPLIED WARRANTIES, AND EACH EXPRESSLY DISCLAIMS
ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE
WITH RESPECT TO THE RICI, THE RICI
ENHANCED, ANY SUB INDEX THEREOF, OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING
ANY OF THE FOREGOING, IN NO EVENT SHALL BEELAND INTERESTS, DIAPASON OR ANY OF
THEIR RESPECTIVE AFFILIATES OR
AGENTS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL,
OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY
THEREOF.

NEITHER THE INDICATION THAT SECURITIES OR OTHER FINANCIAL PRODUCTS OFFERED
HEREIN ARE BASED ON
DATA PROVIDED BY ICE DATA LLP, NOR THE USE OF THE TRADEMARKS OF ICE DATA LLP IN
CONNECTION WITH SECURITIES OR OTHER FINANCIAL PRODUCTS DERIVED FROM SUCH DATA
IN ANY WAY SUGGESTS OR IMPLIES A REPRESENTATION OR OPINION BY ICE DATA OR ANY
OF ITS AFFILIATES AS TO THE ATTRACTIVENESS OF
INVESTMENT IN ANY SECURITIES OR OTHER FINANCIAL PRODUCTS BASED UPON OR DERIVED
FROM SUCH DATA. ICE DATA IS NOT THE ISSUER OF ANY SUCH SECURITIES OR OTHER
FINANCIAL PRODUCTS AND MAKES NO EXPRESS
OR IMPLIED WARRANTIES WHATSOEVER, INCLUDING BUT NOT LIMITED TO, WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH RESPECT TO SUCH DATA
INCLUDED OR REFLECTED THEREIN, NOR
AS TO RESULTS TO BE OBTAINED BY ANY PERSON OR ANY ENTITY FROM THE USE OF THE
DATA INCLUDED OR REFLECTED THEREIN.

The RICI Enhanced(SM) Indices referred to herein are calculated by NYSE Arca,
Inc. ("NYSE Arca"), a wholly-owned subsidiary of NYSE Euronext. The RBS ETNs,
which are based on such RICI Enhanced(SM) Indices, are not issued, sponsored,
endorsed, sold or promoted by NYSE Arca, and NYSE Arca makes no representation
regarding the advisability of investing in such product.

NYSE ARCA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAMS
ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WIH
RESPECT TO THE INDICES OR ANY DATA
INCLUDED THEREIN. IN NO EVENT SHALL NYSE ARCA HAVE ANY LIABILITY FOR ANY
SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS),
EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH
DAMAGES.


The Royal Bank of Scotland [C] 2013                                rbs.com/etnus