The Royal Bank of Scotland plc

As Agent Bank, please be advised of the following rate determined on:XXXX

Issue               : The Royal Bank of Scotland plc - Series 286
                      USD 20,000,000 MTN/FRN due 10 July 2006
ISIN Number         : XS0140622035
Common Code/
144A ISIN           : 146062203
Issue Nomin     USD : 20,000,000.00
Period              : 10-Apr-2006 to 10-Jul-2006      Payment Date 10-Jul-2006 
Number of Days      : 91
Rate                : 5.0425
Denomination    US  : 1,000.00
Amount Payable 
per Denomination    : 12.75

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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