As Agent Bank, please be advised of the following rate determined            on: 15-Dec-2008
 Issue                             � The Royal Bank of Scotland - Series 3049
                                   USD 5,000,000.00 FRN Due 17-Dec-2018
 ISIN Number                       � XS0406158658
 Common Code / 144A ISIN           � 40615865
 Issue Nomin USD                   � 5,000,000.00
 Period                            � 17-Dec-2008 to 17-Mar-2009              Payment Date 17-Mar-2009
 Number of Days                    � 90
 Rate                              � 3.07125
 Denomination USD                  � 100,000.00            � 5,000,000.00                       �
                                                                                                     
 Amount Payable per Denomination   � 767.81                � 38,390.63                          �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
    
    


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