50YB Westpac 0.875%

    


Royal Bk.of Scot.



As Agent Bank, please be advised of the following rate determined on: 23-May-2008
Issue              � The Royal Bank of Scotland - Series 2962
                     USD 50,000,000.00 FRN Due 28-May-2013
ISIN Number        � XS0365919512
Common Code / 144A � 36591951
 ISIN
Issue Nomin USD    � 50,000,000.00
Period             � 28-May-2008 to 28-Aug-2008            Payment Date 28-Aug-2008
Number of Days     � 92
Rate               � 3.49563
Denomination USD   � 100,000.00            � 50,000,000.00        �

Amount Payable per � 893.33                � 446,663.83           �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601

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