Appointment of Deputy Chairman and Chairman-designate

Appointment of Deputy Chairman and Chairman-designate
16 January 2009
The Royal Bank of Scotland Group plc (”the Group”) is pleased to announce the following appointment to its Board: -

Sir Philip Hampton has been appointed as Deputy Chairman and Chairman designate with effect from 19 January 2009. As announced on 13 October 2008, Sir Tom McKillop will retire as Chairman at the Group’s Annual General Meeting on 29 April 2009. Following the conclusion of the Annual General Meeting, Sir Philip will assume the Chairmanship of the company.

Sir Philip has been Chairman of J Sainsbury plc since 2004 and became Chairman of United Kingdom Financial Investments Limited (”UKFI”) in November 2008. He will step down from UKFI with immediate effect. He is also a Non executive Director of Belgacom SA.

Commenting on the appointment, Sir Tom McKillop, Chairman of the Group Board, said: “We are delighted to welcome Sir Philip to the Board of RBS. His distinguished business track record, most recently as Chairman of Sainsbury’s, combines well with a deep financial services background. This appointment is timely, allowing Sir Philip to participate fully in the selection of other Non-executive Directors as well as to work closely with our Executive Team on the new strategic plan for RBS.”

Sir Philip Hampton adds: “Having been closely engaged in the issues facing banks at present from a UKFI perspective, I am pleased to be taking on this central role at one of the world’s most important financial institutions. I look forward to working closely with RBS’ new Chief Executive, Stephen Hester, and believe we will form a strong and effective partnership.

Current times are indeed challenging but RBS has many strong, valuable and enduring business franchises in the UK and internationally. I am optimistic that we can restructure the Group to allow these strengths to once again be what we are known and valued for.”

Sir Philip’s appointment is subject to regulatory approval.

Biographical details
Sir Philip Hampton was appointed Chairman of J Sainsbury plc in 2004. Previously, he was Group Finance Director of Lloyds TSB Group plc from 2002 to 2004, Group Finance Director of BT Group plc from 2000 to 2002, Group Finance Director of BG Group plc from 1997 to 2000, Group Finance Director of British Gas plc from 1995 to 1997, Group Finance Director of British Steel plc from 1990 to 1995, an Executive Director of Lazards from 1981 to 1990 and a Non-executive Director of RMC Group plc from 2002 to 2005. Currently, Sir Philip is Chairman of UK Financial Investments Limited, the company established to manage the UK Government’s shareholding in banks subscribing to its recapitalisation fund, and is also a Non executive Director of of Belgacom (the Belgian telecom group) since 2004.

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