www.rbs.com/etnUS or 855.RBS.ETPS (855.727.3877)

RBS ETN Performance as of 04/10/15
RBS Trendpilot[] Exchange Traded Notes ([]ETNs[]) track an RBS Trendpilot[]
 Index. As described in more detail below, RBS Trendpilot[] Indices alternate
 between tracking a Benchmark Index and the yield on a hypothetical notional
 investment in 3-month U.S. Treasury Bills as of the most recent weekly auction
 (the []Cash Rate[]), depending on the performance of the Benchmark Index
 relative to its 100- or 200 Index business day simple moving average ([]SMA[])
 , as applicable.

                        Trendpilot[] ETN Series

Ticker                  TRND          TRNM          TBAR          TWTI
 TNDQ          TCHI
RBS ETN/Index:          RBS US        RBS US Mid    RBS Gold      RBS Oil
 RBS           RBS China
                        Large         Cap           Trendpilot[]  Trendpilot[]
 NASDAQ-100 � Trendpilot[]
                        Cap           Trendpilot[]  ETN/Index     ETN/Index
 Trendpilot[]  ETN/Index
                        Trendpilot[]  ETN/Index
 ETN/Index
                        ETN/Index

Benchmark Index:        SandP 500�      SandP MidCap    Price of      RBS
 NASDAQ-100 � BNY Mellon
                        Total         400� Total    Gold Bullion  12-Month
 Total         China Select
                        Return        Return Index                Oil Total
 Return        ADR Total
                        Index                                     Return Index
 IndexSM        Return

              IndexSM
Daily Redemption Value

(NAV) 1                 $40.5135      $36.5298      $23.9125      $20.3765
 $40.0184      $29.2193
RBS Index Weekly

Return 2                1.74%         0.74%         0.00%         0.00%
 2.47%         9.34%
RBS Index Month to

Date Return 2           1.71%         0.73%         0.00%         0.00%
 2.05%         10.50%
RBS Index Year to

Date Return 2           2.68%         6.09%         -4.80%        0.01%
 4.73%         7.05%

Trendpilot[] Indicator as of 04/10/15
If a Benchmark Index level is at or above its applicable SMA, for a specified
 number of days (each as noted below) (i. e., a [] positive trend[] is
 established), the relevant Trendpilot[] Index will track its Benchmark Index.
 If the Benchmark Index level is below its applicable SMA for the specified
 number of days (i.e., a [] negative trend[] is established), the relevant
 Trendpilot[] Index will track the Cash Rate.

                         TRND          TRNM          TBAR       TWTI       TNDQ
         TCHI
SMA Day Count/Days to

confirm Benchmark        200 Day/5     200 Day/5     200 Day/5  100 Day/5  100
 Day/5     100 Day/3
Index trend

Benchmark Index          3,870.32      2,173.08      1,207.35   1,758.59
 4,853.80      6,631.18
Closing Level

Benchmark Index          3,683.20      2,020.10      1,235.81   1,833.75
 4,705.72      5,844.22
SMA

Friday,                  ABOVE SMA     ABOVE SMA     BELOW SMA BELOW SMA   ABOVE
 SMA     ABOVE SMA
04/10/2015

Thursday,                ABOVE SMA     ABOVE SMA     BELOW SMA BELOW SMA   ABOVE
 SMA     ABOVE SMA
04/09/2015

Wednesday,               ABOVE SMA     ABOVE SMA     BELOW SMA BELOW SMA   ABOVE
 SMA     ABOVE SMA
04/08/2015

Tuesday,                 ABOVE SMA     ABOVE SMA     BELOW SMA BELOW SMA   ABOVE
 SMA     ABOVE SMA
04/07/2015

Monday,                                              INDEX

                         ABOVE SMA     ABOVE SMA                BELOW SMA  ABOVE
 SMA     ABOVE SMA
04/06/2015                                           HOLIDAY

Friday,                  INDEX         INDEX         INDEX      INDEX      INDEX
         INDEX
04/03/2015               HOLIDAY       HOLIDAY       HOLIDAY    HOLIDAY
 HOLIDAY       HOLIDAY
Last Benchmark Index

Trend switch effective as 10/28/14     10/31/14      2/17/15    8/8/14
 10/29/14      4/1/15
of open of trading on:3

Benchmark Index

Closing Level at last    3,619.16      1,994.74      1,209.50   3,138.63
 4,464.24      6,001.27
Benchmark Index trend

switch


         BNY Mellon
The Trendpilot Index     SandP 500�      SandP MidCap
 NASDAQ-100 �  China Select
                         Total Return  400� Total    Cash Rate  Cash Rate  Total
 Return  ADR Total
Return Source:4          Index         Return Index
 IndexSM       Return

         IndexSM

The tables above present the actual performance of the respective indices and
 RBS ETNs as of the specified dates and periods. For information regarding the
 performance of each Index, please refer to the relevant pricing supplement
 filed with the U.S. Securities and Exchange Commission ([]SEC[]). Past
 performance does not guarantee future results.
*Information contained on our website is not incorporated by reference in, and
 should not be considered a part of, this document.
(1) Includes the deduction of the annual investor fee, which accrues on a daily
 basis. The annual investor fee is equal to: (i)(a) 1.00% per annum when the RBS
 US Large Cap Trendpilot TM Index (USD), RBS US Mid Cap Trendpilot TM Index
 (USD), RBS Gold Trendpilot TM Index (USD) and the RBS NASDAQ -100 � Trendpilot
 TM Index (USD) are tracking their respective Benchmark Indices and (b) 1.10%
 per annum when the RBS Oil Trendpilot TM Index (USD) and RBS China Trendpilot
 TM Index (USD) are tracking their respective Benchmark Indices; and (ii) 0.50%
 per annum when any of these Trendpilot TM Indices are tracking the Cash Rate.
(2) These percentages are calculated for the periods indicated based on the
 levels of the respective Indices through the close of business on the date set
 forth at the top of this fact sheet (the []measurement date[]). More
 specifically, the Index Weekly Return is calculated using the level of the
 relevant Trendpilot TM Index at the close of business on the last Index
 business day of the week prior to the measurement date through the measurement
 date; the Index Month to Date Return is calculated from the last Index business
 day of the month prior to the measurement date through the measurement date;
 and the Index Year to Date Return is calculated from the last Index business
 day of the year prior to the measurement date through the measurement date.
(3) These dates are those on which the relevant Trendpilot TM Index implemented
 the change in the reference exposure (i.e., the Index Return Source) following
 a Benchmark Index trend switch. The Trendpilot[] Index will implement the
 change in the reference exposure at the open of trading on the second Index
 business day immediately following the business day on which the Benchmark
 Index trend switches from positive to negative or from negative to positive, as
 the case may be.
(4) The []Index Return Source[] is either the Benchmark Index (if the Benchmark
 Index is in a positive trend) or the Cash Rate (if the Benchmark Index is in a
 negative trend).

For more information: 855.727.3877

FOR REGISTERED BROKER/DEALERS AND REGISTERED INVESTMENT ADVISERS ONLY. NOT FOR
 DISTRIBUTION TO INDIVIDUAL
INVESTORS.

CERTAIN RISK CONSIDERATIONS: The 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 you to receive at least the principal amount of your
 investment back at maturity or upon early repurchase or redemption. The RBS Oil
 Trendpilot TM ETNs and the RBS Oil Trendpilot TM Index (USD) do not provide
 exposure to spot prices of crude oil and, consequently, may not be
 representative of an investment that provides exposure to crude oil. Each
 Trendpilot[] Index may underperform its respective Benchmark Index, and is
 expected to perform poorly in volatile markets. The RBS China Trendpilot[] ETNs
 involve risks associated with an investment in emerging markets, as well as
 currency exchange risk. 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 RBS ETNs are not principal protected and do not pay interest.
 Any payment on the RBS ETNs is subject to the ability of the applicable issuer
 and guarantor to pay their respective obligations when they become due. You
 should carefully consider whether the RBS ETNs are suited to your particular
 circumstances before you decide to purchase them. We urge you to consult with
 your 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.
 You 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 relates. 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.

RBS China Trendpilot[] Index, RBS US Large Cap Trendpilot[] Index (USD), RBS US
 Mid Cap Trendpilot[] Index (USD) and RBS Gold Trendpilot[] Index (USD)
 (collectively, the "Indices") are the property of RBS plc (the []Index
 Sponsor[]), which has contracted with SandP Opco, LLC, a subsidiary of SandP
Dow Jones Indices LLC ([]SandP Dow Jones Indices[]) to maintain and calculate the
 Indices. The SandP 500 � Index and the SandP MidCap 400 � Index are 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)
 and the RBS US Mid Cap Trendpilot[] Index (USD), respectively. SandP Dow Jones
 Indices, its affiliates and their third party licensors shall have no liability
 for any errors or omissions in calculating the Indices. SandP � is a registered
 trademark of Standard and Poor[]s Financial Services LLC ([]SPFS[]) and Dow Jones
 � 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 � [], []SandP � [], []SandP 500 � [] and []SandP MidCap 400 � []
 are trademarks of SPFS and together with the []Calculated by SandP Dow Jones
 Indices Custom[] and its related stylized mark(s) have been licensed for use by
 RBSSI and its affiliates. The RBS China Trendpilot[] ETNs, RBS US Large Cap
 Trendpilot[] ETNs, RBS US Mid Cap Trendpilot[] ETNs and RBS Gold 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.

NASDAQ � , OMX � , NASDAQ OMX � , NASDAQ-100 � , NASDAQ-100 Index � and
 NASDAQ-100 � Total Return Index SM are registered trademarks and service marks
 of The NASDAQ OMX Group, Inc. and are licensed for use by RBS plc. The RBS
 NASDAQ-100 � Trendpilot TM Index is the property of RBS plc. RBS plc has
 contracted with The NASDAQ OMX Group, Inc. (which with its affiliates and
 subsidiaries is referred to as the []Corporations[]) to calculate and maintain
 the RBS NASDAQ-100 � Trendpilot TM Index, either directly or through a third
 party. Currently, the RBS NASDAQ-100 � Trendpilot TM Index is calculated and
 maintained by SandP Opco, LLC ("SandP Opco"), a subsidiary of SandP Dow Jones Indices
 LLC ("SandP Dow Jones Indices"), on behalf of The NASDAQ OMX Group, Inc. SandP Opco
 and the Corporations shall have no liability for any errors or omissions in
 calculating the Index. The RBS NASDAQ-100 � Trendpilot TM ETNs, which are based
 on the RBS NASDAQ-100 � Trendpilot TM Index, have not been passed on by the
 Corporations or SandP Opco as to their legality or suitability and are not
 sponsored, endorsed, sold or promoted by the Corporations or SandP Opco. THE
 CORPORATIONS AND SandP OPCO MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
 TO THE RBS NASDAQ -100 � TRENDPILOT TM ETNs.

RBS Oil Trendpilot TM Index (USD) and RBS 12-Month Oil Total Return Index (USD)
 are the property of RBS plc and are calculated by NYSE Arca, a wholly-owned
 subsidiary of NYSE Euronext. The RBS Oil Trendpilot[] ETNs, which track the RBS
 Oil Trendpilot TM Index (USD) and RBS 12-Month Oil Total Return Index (USD),
 are not issued, sponsored, endorsed, sold or promoted by NYSE Arca, and NYSE
 Arca makes no representation regarding the advisability of investing in such
 ETNs. NYSE ARCA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY
 DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
 WITH RESPECT TO THE RBS OIL TRENDPILOT[] INDEX (USD) OR RBS 12-MONTH OIL TOTAL
 RETURN INDEX (USD) OR AN Y 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.

BNY Mellon is a corporate brand of The Bank of New York Mellon Corporation and
 may be used as a generic term to reference the corporation as a whole or its
 various subsidiaries. BNY Mellon and BNY Mellon ADR Indices and BNY Mellon DR
 Indices are service marks owned by The Bank of New York Mellon Corporation.
 This information is provided for general purposes only and is not investment
 advice. We provide no advice nor recommendations or endorsement with respect to
 any company, security or products based on any index licensed by BNY Mellon,
 and we make no representation regarding the advisability of investing in the
 same. BNY Mellon[]s Depositary Receipt business is conducted through BNY
 Mellon.

BNY Mellon does not guarantee the accuracy, timeliness and/or completeness of
 BNY Mellon ADR Indices and BNY Mellon DR Indices, or any associated indices, or
 any data included therein, and BNY Mellon shall have no liability for any
 errors, omissions, or interruptions therein. BNY Mellon makes no express or
 implied warranties, and expressly disclaims all warranties of merchantability
 or fitness for a particular purpose or use with respect to BNY Mellon ADR
 Indices and BNY Mellon DR Indices or any associated indices, or any data
 included therein, or any materials derived from such data. Without limiting any
 of the foregoing, in no event shall the company have any liability for any
 special, punitive, indirect, or consequential damages (including lost profits),
 even if notified of the possibility of such damages. For the full disclaimer
 please see the pricing supplements relating to the notes that RBS plc and RBS
 Group filed with the SEC.

Copyright � 2015 RBS Securities Inc. All rights reserved. RBS Securities Inc., a
 U.S. registered broker-dealer, member of FINRA and SIPC, is an indirect
 wholly-owned subsidiary of The Royal Bank of Scotland plc.