Royal Bk Scot.Grp.: RBSG Signs Share Sale Agreeme | Company Announcements

Wednesday 12 August, 2009

Royal Bk Scot.Grp.

RBSG Signs Share Sale Agreeme

RNS Number : 2976X

Royal Bank of Scotland Group PLC

12 August 2009

The Royal Bank of Scotland Group plc signs share sale agreement with MCB Bank Limited

12 August 2009

The Royal Bank of Scotland Group plc (RBSG) has reached agreement in principle for the sale of its 99.37% holding in The Royal Bank of Scotland Limited (RBS Pakistan) to MCB Bank Limited (MCB) for a total consideration of PKR 7,200M or US$ 87M. This equates to PKR 4.2 per ordinary share. RBS Pakistan has 1,717,981,391 ordinary shares listed on the Karachi stock exchange.

The transaction is subject to necessary Regulatory approvals and is expected to complete in Q4 2009.

Contacts:

Investors

Richard O'Connor

Head of Investor Relations
+44 (0)207 672 1758
+44 7909 873681

Media
Fiona MacRae
Group Media Centre
+44 131 523 5659

+44 7785 320137

This information is provided by RNS

The company news service from the London Stock Exchange

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