Izard Nobel LLP Announces Class Action Lawsuit Against Royal Bank Scotland Group plc

HARTFORD, CT--(Marketwire - January 12, 2009) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased The Royal Bank of Scotland Group plc (NYSE: RBS) ("RBS" or the "Company") American Depositary Shares ("ADSs") pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's June 2007 initial public offering of 38 million Non-cumulative Dollar Preference Shares, Series S (the "Offering").

The Complaint charges that defendants violated federal securities laws by issuing a materially false and misleading Registration Statement. Specifically, the following facts were omitted from the Registration Statement: (i) defendants' portfolio of debt securities was impaired to a much larger extent than RBS had disclosed; (ii) defendants failed to properly record losses for impaired assets; (iii) the Company's internal controls were inadequate to prevent RBS from improperly reporting its debt securities; (iv) the Company's participation in the consortium which acquired ABN AMRO would have disastrous results on the Company's capital position and overall operations; and (v) the Company's capital base was not adequate enough to withstand the significant deterioration in the subprime market and, as a result, RBS would be forced to raise significant amounts of additional capital.

If you are a member of the class, you may, no later than March 13, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/rbs/, or contact Izard Nobel LLP toll-free at (800) 797-5499, or by e-mail: firm@izardnobel.com. For more information about class action cases in general, please visit our website: www.izardnobel.com.