The Royal Bank of Scotland N.V. (formerly known as ABN AMRO Bank N.V.), a subsidiary undertaking of The Royal Bank of Scotland Group plc ("RBS"), has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank for a total consideration of EUR 41M (approximately PKR 4,298M). This equates to approximately PKR 2.5 per ordinary share. RBS Pakistan has 1,717,981,391 ordinary shares listed on the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange.

The transaction is subject to regulatory approvals and is expected to complete in third quarter of 2010.

Commenting on the sale, Muhammad Aurangzeb, Chairman of RBS Pakistan said, "We are delighted to confirm that today we have successfully entered into a sale agreement with Faysal Bank for RBS Pakistan which comprises of Retail, Commercial, Islamic and onshore GBM and GTS businesses in Pakistan. Faysal Bank will be an excellent owner of the strong customer franchise we have established here in Pakistan. I am particularly pleased that our staff and customers will become part of one of the country's progressive and growing banks which has such clear ambition to grow further in the local banking and financial services sector."

"This marks an important day for both of our organizations and from here we can look forward with confidence to plan for the future. I would like to personally acknowledge and thank our staff here for their professionalism and commitment during this period of uncertainty, they have continued to serve our customers and have served them well."

Naved A. Khan, President & CEO of Faysal Bank said "The acquisition will significantly contribute to Faysal Bank's development and will be a major catalyst in achieving our growth strategy. Whilst expanding our geographical footprint, touch points, customer base and product portfolio, this acquisition will boost our ability to raise the bar of our service levels. Further, employees of the combined entity could have potentially greater career opportunities and development options."

This agreement with Faysal Bank follows the completion of the strategic review and the announcement on 26 February 2009 that RBS was to dispose of its Retail & Commercial businesses across Asia along with the decision to exit its wholesale banking businesses in Vietnam, the Philippines, Taiwan (except the Securities business) and Pakistan in an effort to refocus the Group's geographic reach across a smaller number of key markets.

Notes to Editors:

The Retail & SME business in Pakistan includes over 300,000 customers, providing affluent banking, general banking, consumer financing, business banking, SME-MME banking and Islamic banking through over 75 branches spanning 24 cities and over 85 ATMs.

The GBM and GTS business in Pakistan delivers financing, risk management and investment services to large local corporates, multinationals, financial institutions and government-related agencies.

RBS purchased the assets included in this sale from ABN AMRO in October 2007.

During the Strategic Review RBS confirmed Asia as a key market for the Group and the bulk of its GBM, GTS and international Wealth Management businesses based here, continue as core to its future plans in the region. It will operate in 11 markets across the region including, Hong Kong, Singapore, Japan, Australia, India, China, Indonesia, Malaysia, Korea, Thailand with a focus on the GBM and GTS wholesale banking operations and will retain a Securities business in Taiwan and a significant Business Services presence to support these banking operations. Asia remains one of the largest employment centres for the RBS Group globally.

Faysal Bank

Faysal Bank is a Pakistan based Commercial and Retail Bank, and its ultimate owner is Ithmaar Bank of Bahrain. Faysal Bank is the 12th largest bank in Pakistan by assets, with a 2.5% market share of deposits, total assets of EUR 1.4bn and net assets of EUR 115m as at March 2010.

Morgan Stanley & Co. Limited ("Morgan Stanley") is acting for RBS as its exclusive financial advisor in connection with the Transaction.

Morgan Stanley has been appointed as financial adviser to RBS and for no-one else in connection with the transaction and will not be responsible to anyone other than RBS for providing the protections afforded to clients of Morgan Stanley nor for providing advice in relation to the transaction, the contents of this press release or any other matters referred to this press release.

Press contacts:

Pakistan:
Mariam Agha, Marketing and Communication, Pakistan Tel: +9221 356 347 91 or Ali Abuzer Zaidi +9221 356 938 83

Regional:
Tan Ping Ping +65 6518 8497