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

RBS ETN Performance as of 09/05/14

RBS Trendpilot(tm) Exchange Traded Notes ("ETNs") track an RBS Trendpilot(tm) Index.
As described in more detail below, RBS Trendpilot(tm) 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(tm) ETN Series

Ticker
TRND
TRNM
TBAR
TWTI
TNDQ
TCHI

RBS ETN/Index:
RBS US Large RBS US Mid
RBS Gold
RBS Oil
RBS NASDAQ- RBS China

Cap
Cap
Trendpilot(tm)
Trendpilot(tm)
100(r)
Trendpilot(tm)

Trendpilot(tm)
Trendpilot(tm)
ETN/Index
ETN/Index
Trendpilot(tm)
ETN/Index

ETN/Index
ETN/Index

ETN/Index

Benchmark Index:
SandP 500(r)
SandP MidCap
Price of Gold  RBS 12-Month NASDAQ-100(r) BNY Mellon

Total
400(r) Total
Bullion
Oil Total
Total
China Select

Return Index
Return Index

Return Index
Return
ADR Total

IndexSM
Return

IndexSM

Daily Redemption
$39.6248
$35.2396
$25.3402
$20.4343
$39.8082
$32.5834

Value (NAV)1


RBS Index Weekly
0.24%
0.15%
-1.54%
0.00%
0.18%
3.84%

Return2



RBS Index Month
0.24%
0.15%
-1.54%
0.00%
0.18%
3.84%

to Date Return2


RBS Index Year to
10.15%
8.29%
-8.91%
3.70%
10.20%
11.53%

Date Return2

Trendpilot(tm) Indicator as of 09/05/14

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(tm)
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(tm) Index will track the Cash Rate.

TRND
TRNM
TBAR
TWTI
TNDQ
TCHI

SMA Day

Count/Days to
200 Day/5
200 Day/5
200 Day/5
100 Day/5
100 Day/5
100 Day/3

confirm Benchmark

Index trend

Benchmark Index
3,652.26
2,020.88
1,266.00
2,923.98
4,460.01
6,627.07

Closing Level

Benchmark Index
3,398.11
1,905.66
1,285.26
3,152.40
4,144.15
5,789.75

SMA

Friday,
ABOVE SMA
ABOVE SMA
BELOW SMA
BELOW SMA
ABOVE SMA
ABOVE SMA

09/05/2014

Thursday,
ABOVE SMA
ABOVE SMA
BELOW SMA
BELOW SMA
ABOVE SMA
ABOVE SMA

09/04/2014

Wednesday,
ABOVE SMA
ABOVE SMA
BELOW SMA
BELOW SMA
ABOVE SMA
ABOVE SMA

09/03/2014

Tuesday,
ABOVE SMA
ABOVE SMA
BELOW SMA
BELOW SMA
ABOVE SMA
ABOVE SMA

09/02/2014

Monday,
INDEX
INDEX
INDEX
INDEX
INDEX
INDEX

09/01/2014
HOLIDAY
HOLIDAY
HOLIDAY
HOLIDAY
HOLIDAY
HOLIDAY

Friday,

08/29/2014

Last Benchmark Index Trend switch effective as of open
of trading on:3
Benchmark Index Closing Level at last Benchmark Index trend switch

The Trendpilot

Index Return
Source:4

ABOVE SMA
ABOVE SMA
BELOW SMA
BELOW SMA
ABOVE SMA
ABOVE SMA

1/3/12
1/19/12
6/30/14
8/8/14
5/27/14
5/27/14

2,192.40
1,256.22
1,315.00
3,138.63
4,046.24
5,498.85

SandP 500(r)
SandP MidCap


NASDAQ-100(r)
BNY Mellon

Total Return
400(r) Total
Price of Gold
Cash Rate
Total Return
China Select


Index
Return Index
Bullion

IndexSM
ADR Total
SM

Return Index

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
TrendpilotTM Index (USD), RBS US Mid Cap TrendpilotTM Index (USD), RBS Gold TrendpilotTM
Index (USD) and the RBS NASDAQ-100(r) TrendpilotTM Index (USD) are tracking their respective
Benchmark Indices and (b) 1.10% per annum when the RBS Oil TrendpilotTM Index (USD)

and RBS China TrendpilotTM Index (USD) are tracking their respective Benchmark Indices; and
(ii) 0.50% per annum when any of these TrendpilotTM 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

TrendpilotTM 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 TrendpilotTM Index implemented the change in
the reference exposure (i.e., the Index Return Source) following a Benchmark Index trend switch.
The Trendpilot(tm) 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 TrendpilotTM ETNs and the RBS Oil TrendpilotTM 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(tm) Index may underperform its respective
Benchmark Index, and is expected to perform poorly in volatile markets. The RBS China
Trendpilot(tm) 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(tm) Index, RBS US Large Cap Trendpilot(tm) Index (USD), RBS US Mid Cap
Trendpilot(tm) Index (USD) and RBS Gold Trendpilot(tm) 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(r) Index and the SandP MidCap 400(r) 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(tm) Index (USD) and the RBS US Mid Cap Trendpilot(tm)
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(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)", "SandP 500(r)" and
"SandP MidCap 400(r) " 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(tm) ETNs, RBS US Large Cap Trendpilot(tm) ETNs,
RBS US Mid Cap Trendpilot(tm) ETNs and RBS Gold Trendpilot(tm) 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(r), OMX(r), NASDAQ OMX(r), NASDAQ-100(r), NASDAQ-100 Index(r) and NASDAQ-100(r)
Total Return IndexSM are registered trademarks and

service marks of The NASDAQ OMX Group, Inc. and are licensed for use by RBS plc.
The RBS NASDAQ-100(r) TrendpilotTM 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(r) TrendpilotTM Index, either directly or through a
third party. Currently, the RBS NASDAQ-100(r) TrendpilotTM 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(r) TrendpilotTM ETNs, which are based on the RBS NASDAQ-100(r) TrendpilotTM 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(r)
TRENDPILOTTM ETNs.

RBS Oil TrendpilotTM 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(tm) ETNs, which track
the RBS Oil TrendpilotTM 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(tm) INDEX (USD) OR RBS 12-MONTH OIL TOTAL RETURN INDEX (USD) 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.

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 (c) 2014 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.