Royal Bank of Scotland

Board members

• Eileen Mackay
• Sir Tom McKillop (age 63) Appointed to the Board as Deputy-chairman in September 2005, Sir Tom is currently a non-executive director of BP plc and Pro-Chancellor of the University of Leicester. He was formerly chief executive of AstraZeneca PLC, president of the European Federation of Pharmaceutical Industries and Associations, and chairman of the British Pharma Group.

Executive Directors

• Sir Fred Goodwin (age 47) Appointed to the Board in August 1998, Sir Fred Goodwin is a Chartered Accountant. He was formerly chief executive and director, Clydesdale Bank PLC and Yorkshire Bank PLC. He is chairman of The Prince's Trust and a former president of the Chartered Institute of Bankers in Scotland
• Lawrence Fish
• Gordon Pell
• Guy Whittaker
• Johnny Cameron
• Mark Fisher

Non-Executive Directors

• Colin Buchan
• Jim Currie
• Bill Friedrich (age 56) Appointed to the Board in March 2006, Bill Friedrich is currently deputy chief executive of BG Group plc and prior to this he was corporate legal counsel to several of the world's leading financial institutions.
• Archie Hunter (age 62)Appointed to the Board in September 2004, Archie Hunter is a Chartered Accountant. He was Scottish senior partner of KPMG between 1992 and 1999 and president of The Institute of Chartered Accountants of Scotland in 1997/8. He has extensive professional experience in the UK and North and South America. He is currently chairman of Macfarlane Group plc, a director of Edinburgh US Tracker Trust plc, Convenor of Court at the University of Strathclyde and a governor of the Beatson Cancer Research Institute.
• Charles 'Bud' Koch (age 59) Appointed to the Board in September 2004, Bud Koch is an American national. He has extensive professional experience in the USA and is currently chairman of the board of the Federal Home Loan Bank of Cincinnati, chairman of the board of John Carroll University and a trustee of Case Western Reserve University. He was the chairman, president and chief executive officer of Charter One Financial, Inc. and its wholly owned subsidiary, Charter One Bank, N.A between 1973 and 2004. He is also a director of Assurant, Inc.
• Janis Kong (age 55) Appointed to the Board in January 2006, Janis Kong is currently a non-executive director of Portmeirion Group plc and a member of the board of Visit Britain. She was previously executive chairman of Heathrow Airport and director of BAA plc.
• Joe MacHale (age 54) Appointed to the Board in September 2004, Joe MacHale is currently a non-executive director and chairman of the audit committee of Morgan Crucible plc and a trustee of MacMillan Cancer Relief. He held a number of senior executive positions with J P Morgan between 1979 and 2001 and was latterly chief executive of J P Morgan Europe, Middle East and Africa Region.
• Sir Steve Robson* (age 62) Appointed to the Board in July 2001, Sir Steve Robson is a former senior UK civil servant, who had responsibility for a wide variety of Treasury matters. His early career included the post of private secretary to the Chancellor of the Exchequer and secondment to ICFC, (now 3i). He was also a second permanent secretary of HM Treasury, where he was managing director of the Finance and Regulation Directorate. He is a non-executive director of JP Morgan Cazenove Holdings, Xstrata Plc and Partnerships UK plc, and a member of the Chairman's Advisory Committee of KPMG.
• Bob Scott* (age 64) Appointed to the Board in January 2001, Bob Scott is an Australian national. He is the senior independent director. Bob Scott has many years experience in the international insurance business and played a leading role in the consolidation of the UK insurance industry. He is a former group chief executive of CGNU plc and chairman of the board of the Association of British Insurers. He is chairman of Yell Group plc, a non-executive director of Swiss Reinsurance Company (Zurich), Jardine Lloyd Thompson Group plc and Focus DIY Group Limited. He is also a trustee of the Crimestoppers Trust and an adviser to Duke Street Capital.
• Peter Sutherland* (age 59)Appointed to the Board in January 2001, Peter Sutherland is an Irish national. He is a former attorney general of Ireland and from 1985 to 1989 was the European commissioner responsible for competition policy. He is chairman of BP plc and Goldman Sachs International. He was formerly chairman of Allied Irish Bank and a director general of GATT and the World Trade Organisation.
• Miller McLean (age 56) Miller McLean was appointed Group Secretary in August 1994. He is a trustee of the Industry and Parliament Trust, a non-executive chairman of The Whitehall and Industry Group and a director of The Scottish Parliament Business Exchange.

Former Directors

• Angus Grossart stepped down as Vice Chair of the Board in April 2005
• The RT. Hon Lord Younger of Prestwick: Ayrshire Community Airport Project LTD, Banco de Santander, BCH Property LTD, Murray Income Trust PLC / International Trust / Johnstone Holdings / Smaller markets / Ventures PLC, Scottish Equitable Life Assurance Society, Scottish Partnership in Electronics for Effective Distribution, Siemens Plessey Electronics Systems LTD.
• Alexander Hamilton: McGrigor Donald.

Charles M. Winter: Banco de Comercio e Industria SA, BCH Property LTD, Citizens Financial Group, Citizens UK, Edinburgh's Capital LTD, Scottish Financial Enterprise LTD, Williams & Glyn's Bank.

Dr. George Mathewson: Citizens Financial Group USA, Direct Line Insurance PLC, Eft Pos UK LTD, Interbank On-Line System LTD, RBSG (Europe) LTD, Royal Bank Group Services LTD, Royal Scottish Assurance PLC, Scottish Investment Trust PLC,

The RT. Hon The Earl of Airlie: General Accident , Baring Stratton Investment Trust PLC.

Sir Michael Herries: Banco de Santander, Daniel Thwaites PLC, Dumfries & Galloway Enterprise Co. LTD, Edinburgh Old Town Charitable Trust, Jardine Strategic Holdings (Bermuda), London Chamber of Commerce, The Scottish Mortgage & Trust PLC, Scottish Widows Fund & Life Assurance Society, The Whithorn Trust LTD.

Sir Robin Duthie: Scottish Advisory Board to BP, Brittish Assets Trust, British Polythene Industries, Capital House Investment Management, Carclo Engineering Group PLC, Charterhouse Group, Insight International Tours, Investors Capital Trust PLC, Seacatch PLC, Tay Residential Homes.

Maurice Blank : Charterhouse PLC, Birthright, Business in the Community, Coats Viyella, Kingsley Estates, Pentos, Porter Chadburn PLC, Total Group PLC.

Ian Grant: Glenmoriston Estates LTD, Holland Pacific Fund, Pacific Assets Trust PLC, Worldwide Value Fund Inc.

Henry Greig: Horace Clarkson PLC, Charterhouse, James Purdey & Sons.

Angus M. Grossart: Noble Grossart, Alexander & Alexander, American Trust, National Galleries of Scotland, Scottish Investment Trust, Scottish Television, Edinburgh Fund Managers, Hewden Steuart, Murray International Holdings.

John James: Sun Alliance & London Insurance PLC, Grosvener Developments / Estate Holdings, Realty & General Insurances LTD.

Dr Elizabeth Nelson: Taylor Nelson /AGB PLC, Risc UK LTD.

Kenneth Thompson: Charterhouse Pensions, Leonard Matchan Fund LTD, Unitary Tax Campaign.

Emilio Botin: Banco de Santander / Argentina, Banco Espanol Chile, Banco Intercontinental Espanol, CC Bank Belgique, CC Bank Germany.

George Graboys: Citizens Financial Group.

Jaime Botin: Bankinter, Tharsis.

David Robinson: Banco de Comercio e Industria Portugal, Scottish Chamber Orchestra.

Prof. Derek Channon: The Management School, Imperial College, Bray Technologies, Stratpac LTD.

The Hon Frederick Noel-Paton: John Menzies PLC, General Accident PLC, Macallan-Glenlivit PLC, Pacific Assetts.

People

• Derek Weir Managing Director, Corporate & Commercial Banking, (in 2003)
• Andrew Wilson former spin doctor and now Deputy Chief Economist

Affiliations

• David Hume Institute provided funding between 2000 and 2004.
• Written Words, client

Notes

1. Number 1 by rank in the Scottish Business Insider, 'Top 500 Companies', http://www.insider.co.uk/guides/index.cfm, last viewed 10.03.05
2. Deloitte Annual Report 2004, 'Case study: Royal Bank of Scotland Group', http://clients.ctn.co.uk/deloitte/annualreport_2004/casestudies/rbs.asp, last viewed 10.03.05
3. Scottish Business Insider, see note 233
4. Richard Wachman, 'Fred the Shred: the irresistible rise and rise of a ruthless charmer', The Guardian, 27.07.03, http://observer.guardian.co.uk/business/story/0,,1006443,00.html, last viewed 10.03.05
5. 'Scotland's most powerful', Scotland on Sunday, 27.04.03, http://news.scotsman.com/archive.cfm?id=470422003, last viewed 10.03.05
6. All unreferenced information is from the investors' own websites or from Trustnet, http://www.trustnet.com/
7. Friends of the Earth Briefing, 'Top 100 UK Pension Funds. How ethical are they?', http://www.foe.co.uk/resource/briefings/top_100_uk_pension_funds.pdf, last viewed 10.03.05
8. Friends of the Earth Website, Corporates, 'Tell Royal Bank of Scotland - Put your money where your mouth is', www.foe.co.uk/campaigns/corporates/press_for_change/email_btc_banks/, last viewed 10.03.05
9. Royal Bank of Scotland Group Annual Report 2003, http://www.rbs.co.uk/Group_Information/Investor_Relations/Financial_Results/2003/report_accounts.pdf, last viewed 10.03.05
10. Ibid.
11. Royal Bank of Scotland Group, Done Deals: England and Wales,Winter 2003, http://www.rbs.co.uk/CBFM/Brochures_&_Publications/downloads/publications/archived_done_deals/done_deals_-_england_&_wales_(winter_2003).pdf, last viewed 10.03.05
12. Scottish Business Insider, see note 233
13. Friends of the Earth Briefing, 'Finance Initiatives for Sustainable Development', http://www.foe.co.uk/pubsinfo/briefings/html/20020819133903.html, last viewed 10.03.05
14. Conal Walsh, 'RBS 'excludes and denies' black Americans', The Observer, 06.06.04, http://observer.guardian.co.uk/business/story/0,6903,1232131,00.html, last viewed 10.03.05
15. Faisal al Yafai, 'Palestinian aid groups' accounts closed', The Guardian, 03.01.05, http://money.guardian.co.uk/saving/banks/story/0,12410,1383161,00.html, last viewed 10.03.05
16. Red Pepper February 2005
17. Jim Stanton, 'RBS chiefs named in Enron court papers' The Scotsman 31.12.04 http://news.scotsman.com/topics.cfm?tid=163&id=1479692004 viewed 31.3.05
18. FSA website, 'FSA fines Royal Bank of Scotland Plc 750,000 for money laundering control failings' 17/12/2002 http://www.fsa.gov.uk/pages/Library/Communication/PR/2002/123.shtml viewed 31.3.05
19. Jill Treanor, Steven Morris and Andrew Clark, 'Huntingdon Life: facing collapse in 36 hours' 3/1/01 The Guardian http://www.guardian.co.uk/uk_news/story/0,,423756,00.html
20. Michael White, 'Straw attacks banks that dumped protest firm' 13/3/01 The Guardian http://www.guardian.co.uk/uk_news/story/0,,451053,00.html viewed 31.3.05