Royal Bank of Scotland



                   RBS - Series SMTN 3148 - ISIN SE0001989062
            - Maturity Date 21 June 2011 - O/S Nominal SEK 24,350,000

Please be advised the following issue has been repurchased for SEK 150,000 on 31
October 2007.

The outstanding balance will therefore be SEK 24,200,000

Please amend your records accordingly.


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