Source: Press Release, August 08, 2008

The Royal Bank of Scotland Berhad (RBS) has launched a new Structured Investment in Malaysia – the Royal Select Series 1 Structured Investment, which allow investors to build a well-positioned investment portfolio in volatile market conditions.

The Structured Investment is a 3-year MYR denominated investment offering 100% capital protection at maturity. It is linked to the performance of three diversified sectors and nine fortune 500 companies namely the banking/financials, energy/mining and information technology sectors.

The Royal Select Series 1 offers a head start coupon of 22% and allocates the highest weightage to the best performing basket. The Royal Select Series 1 is also linked to the performance of well known stocks like IBM Corp, Intel Corp, Apple Inc, HSBC Holdings Plc, Goldman Sachs Group Inc, JPMorgan Chase & Co., BP Plc, Schlumberger Ltd. and Rio Tinto plc.

The offer period for the Royal Select Series 1 Structured Investment ends on August 28, 2008 and the investment maturity date is 2011. A minimum investment of RM250,000 is required for the 100% Principal Protected Structured Investment.

“This Structured Investment truly demonstrates our capability to deliver global investment ideas to our customers in Malaysia. It is one of the many products which enable our customers to continue to make their money work hard for them even in these very volatile market conditions. The Royal Select Series 1 is an example of such a product”, said Michael Hui, RBS’s Head of Wealth Management for Malaysia.

RBS is aggressively moving on becoming a leading retail, corporate and institutional bank in Malaysia. With a solid track record through the ABN AMRO franchise, RBS is confident of offering significant benefits to its client base.In the last year, RBS launched more than 20 Structured Investments with complete diversification into various underlying assets and different markets.

Among the Structured Investments launched previously was Farmer 90, an investment that is linked to the performance of the ABN AMRO World Farmers Price Return Index. The index comprises of 19 companies covering 4 global sub-sectors such as Agrochemicals, Trading & Cultivation, Agricultural Equipment and Crops. It was launched in November last year and provided a net redemption return of 28% in less than 6 months (as at 25 June 2008). Clients who redeemed their investments early received total payment of proceeds, with no fees charged.