Welcome to The Royal Bank of Scotland Group Annual Review and Summary Financial Statement.

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Medium Term Performance Plan

Scheme interests (share equivalents) at 1 January 2006 Awards granted in 2006 Market price on award £ Awards vested in 2006 (1) Awards exercised in 2006 Market price on exercise £ Share interest (share equivalents) at 31 December 2006 End of period for qualifying conditions to be fulfilled
Sir Fred Goodwin 93,040 16.35 93,040 vested 31.12.03
33,855 18.59 33,855 vested 31.12.04
86,506 17.34 Nil lapsed 31.12.06
95,431 17.29 95,431 31.12.07
97,193 18.52 97,193 31.12.08
308,832 319,519
Mr Cameron (2) 55,824 16.35 55,824 vested 31.12.03
22,078 18.59 22,078 vested 31.12.04
40,370 17.34 Nil lapsed 31.12.06
46,270 17.29 46,270 31.12.07
48,597 18.52 48,597 31.12.08
164,542 172,769
Mr Fish 35,274 17.34 Nil lapsed 31.12.06
10,495 17.29 10,495 31.12.07
31,117 18.52 31,117 31.12.08
45,769 41,612
Mr Fisher (2) 20,000 16.35 20,000 vested 31.12.03
8,000 18.59 8,000 vested 31.12.04
31,719 17.34 Nil lapsed 31.12.06
34,703 17.29 34,703 31.12.07
35,098 18.52 35,098 31.12.08
94,422 97,801
Mr Pell 22,026 16.35 22,026 19.09 vested 31.12.03
37,774 17.34 Nil lapsed 31.12.06
40,486 17.29 40,486 31.12.07
41,577 18.52 41,577 31.12.08
100,286 82,063
Mr Watt (3) 18,877 18.59 18,877 vested 31.12.04
34,603 17.34
38,173 17.29
91,653 18,877
Mr Whittaker (4) 37,797 18.52 37,797 31.12.08

Notes:

(1) Awards were granted on 9 April 2004 and these awards have now lapsed.

(2) Scheme interests at 1 January 2006 of Mr Cameron and Mr Fisher were awarded prior to their appointment to the Board on 1 March 2006.

(3) Mr Watt resigned from the Board on 31 January 2006. Mr Watt subsequently exercised his 2002 award (which vested on 31 December 2004) on 7 March 2006. All remaining awards lapsed at cessation of employment.

(4) Mr Whittaker was appointed to the Board on 1 February 2006.

For any awards that have vested, participants holding option-based awards can exercise their right over the underlying share equivalents at any time up to 10 years from the date of grant.

No variation was made to any of the terms of the plan during the year.

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