


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.