TIDMREUS

RNS Number : 4568B

RBS Mkt Acs ESTOXX50 Mthly DBL SH

03 April 2013

RBS MARKET ACCESS

Société d'Investissement à Capital Variable

69, route d'Esch,

L-1470 Luxembourg

R.C.S. Luxembourg B 78567

(the "Company")

Luxembourg, 02 April 2013

To the shareholders of the following sub-funds:

RBS Market Access LevDAX(R) x2 Monthly Index ETF

RBS Market Access ShortDAX(R) x2 Monthly Index ETF

RBS Market Access Euro Stoxx 50(R) Monthly Leverage Index ETF

RBS Market Access Euro Stoxx 50(R) Monthly Double Short Index ETF

RBS Market Access S&P GSCI(R) Capped Component 35/20 2x Leverage Monthly Index ETF

RBS Market Access S&P GSCI(R) Capped Component 35/20 2x Inverse Monthly Index ETF

RBS Market Access Leveraged FTSE(R) 100 Monthly Index ETF

RBS Market Access Short FTSE(R) 100 Monthly Index ETF

RBS Market Access Leveraged FTSE(R) MIB Monthly Index ETF

RBS Market Access Short FTSE(R) MIB Monthly Index ETF

(each a "Sub-Fund", together the "Sub-Funds")

Re: Termination of the Sub-Funds - notice to shareholders

Dear shareholders,

We hereby inform you that the value of the net assets of each Sub-Fund is below the minimum net asset value set out in the current prospectus of the Company (the "Prospectus") for each such Sub-Fund to be operated in an economically efficient manner.

As a consequence, and in accordance with the provisions of the Prospectus and Article 31 (2) of the articles of incorporation of the Company (the "Articles"), the board of directors (the "Board of Directors") has deemed it in the best interest of the shareholders to close the Sub-Funds with effect as of 16 May 2013, and compulsorily redeem all the shares of each Sub-Fund.

The Board of Directors is initiating the delisting of the shares of the Sub-Funds from Deutsche Boerse, Boerse Stuttgart, Borsa Italiana, SIX Swiss Exchange and the London Stock Exchange. A delisting notice will be published in accordance with the applicable rules and regulations of each stock exchange. Trading of the shares of the Sub-Funds on each relevant stock exchange will be permanently suspended with effect from 13 May 2013.

The compulsory redemption price per share of each of the Sub-Funds will be determined by reference to the net asset value of the relevant Sub-Fund as of 16 May 2013 without taking into account any liquidation costs and expenses which will be borne by The Royal Bank of Scotland plc, in its capacity as sponsor of the Company.

It is foreseen that the payment of the redemption proceeds resulting from the compulsory redemption will take place at the latest on 23 May 2013. No redemption charge will be applied and the redemption proceeds will be paid in the reference currency of each Sub-Fund.

Further information can be obtained from RBC Investor Services Bank S.A., in its capacity as administrative agent of the Company (tel.: +352 2605 9730, fax: +352 2460 9500, e-mail: CustomerServices@rbc.com).

Yours faithfully,

The Board of Directors

This information is provided by RNS

The company news service from the London Stock Exchange

END

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