Prospectus • May 17, 2013
Prospectus
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(Incorporated in Scotland with limited liability under the Companies Acts 1948 to 1980, registered number SC045551)
(Incorporated in Scotland with limited liability under the Companies Acts 1948 to 1980, registered number SC090312)
Pages 1 to 120 inclusive of the offering memorandum dated 22 March 2013 (the "Offering Memorandum") comprise a base prospectus for the purpose of Directive 2003/71/EC, as amended (the "Prospectus Directive") (the "Prospectus") in respect of notes to be admitted to the Official List of the UK Listing Authority and to be admitted to trading on the London Stock Exchange's regulated market ("Notes" or "PD Notes"). Pages 121 to 195 inclusive of the Offering Memorandum comprise an offering circular (the "Offering Circular"). The Offering Circular has been prepared by the Issuers (as defined below) in connection with the issuance of notes other than PD Notes ("Non PD Notes" and, together with the PD Notes, the "Programme Notes"). The Offering Circular has not been reviewed or approved by the UK Listing Authority and does not constitute a prospectus for the purpose of the Prospectus Directive.
Pages 1 to 2 inclusive of this supplement (the "2 nd Supplementary Prospectus") constitute a supplementary prospectus for the purposes of the Section 87G of the Financial Services and Markets Act 2000 (the "FSMA") and have been prepared in connection with the £90,000,000,000 Euro Medium Term Note Programme (the "Programme") established by The Royal Bank of Scotland Group plc ("RBSG") and The Royal Bank of Scotland plc ("RBS") (each, an "Issuer" and together, the "Issuers"). Terms defined in the Prospectus have the same meaning when used in this 2 nd Supplementary Prospectus.
This 2 nd Supplementary Prospectus is supplemental to, and should be read in conjunction with, the Prospectus and the documents incorporated by reference therein. This 2nd Supplementary Prospectus should also be read and construed in conjunction with the supplementary prospectus dated 25 April 2013 (the "Previous Supplementary Prospectus") and the documents incorporated by reference therein which have been previously published and have been approved by the Financial Conduct Authority (the "FCA") and filed with it and which form part of the Prospectus.
Each Issuer accepts responsibility for the information contained in this 2 nd Supplementary Prospectus. To the best of the knowledge of each Issuer (each having taken all reasonable care to ensure that such is the case) such information is in accordance with the facts and does not omit anything likely to affect the import of such information.
1
The purpose of the 2 nd Supplementary Prospectus is to:
By virtue of this 2 nd Supplementary Prospectus, the unaudited Interim Management Statement Q1 2013 of RBSG (the "RBSG Interim Management Statement"), which was published via the Regulatory News Service of the London Stock Exchange plc (the "RNS") on 3 May 2013 and which has been (1) previously published and (2) filed with the FCA, shall be incorporated in, and form part of, the Prospectus.
By virtue of this 2 nd Supplementary Prospectus, the press release entitled "RBS announces planned management changes" (the "9 May RNS"), which was published via the RNS on 9 May 2013 and which has been (1) previously published and (2) filed with the FCA, shall be incorporated in, and form part of, the Prospectus.
A copy of any or all of the information which is incorporated by reference in the Prospectus can be obtained from the website of RBSG at http://www.rbs.com and from the London Stock Exchange plc's website at http://www.londonstockexchange.com/exchange/prices-and-news/news/marketnews/market-news-home.html.
If the document which is incorporated by reference in the Prospectus by virtue of this 2 nd Supplementary Prospectus itself incorporates any information or other documents therein, either expressly or implicitly, such information or other documents will not form part of the Prospectus except where such information or other documents are specifically incorporated by reference in, or attached to, the Prospectus by virtue of this 2 nd Supplementary Prospectus.
To the extent that there is any inconsistency between any statement in or incorporated by reference in the Prospectus by virtue of this 2 nd Supplementary Prospectus and any other statement in or incorporated by reference in the Prospectus or the Previous Supplementary Prospectus, the statements in or incorporated by reference in the Prospectus by virtue of this 2 nd Supplementary Prospectus will prevail.
Save as disclosed in the Previous Supplementary Prospectus and this 2 nd Supplementary Prospectus or in any document incorporated by reference in the Prospectus by virtue of the Previous Supplementary Prospectus or this 2 nd Supplementary Prospectus, no other significant new factor, material mistake or inaccuracy relating to information included in the Prospectus has arisen or been noted, as the case may be, since the publication of the Prospectus.
The hyperlinks included in this 2 nd Supplementary Prospectus are included for information purposes only and the websites and their content are not incorporated into, and do not form part of, the 2 nd Supplementary Prospectus or the Prospectus.
Pages 3 to 4 of this supplement (the "2 nd Supplementary Offering Circular") constitutes a supplement to the Offering Circular and has been prepared in connection with the Programme established by RBSG and RBS. Terms defined in the Offering Circular have the same meaning when used in this 2 nd Supplementary Offering Circular.
NEITHER THE OFFERING CIRCULAR NOR THIS SUPPLEMENTARY OFFERING CIRCULAR HAVE BEEN REVIEWED OR APPROVED BY THE UK LISTING AUTHORITY AND THE OFFERING CIRCULAR DOES NOT CONSTITUTE A PROSPECTUS FOR THE PURPOSES OF DIRECTIVE 2003/71/EC, AS AMENDED (THE "PROSPECTUS DIRECTIVE").
This 2 nd Supplementary Offering Circular is supplemental to, and should be read in conjunction with, the Offering Circular and the documents incorporated by reference therein. This 2nd Supplementary Offering Circular should also be read in conjunction with the supplementary offering circular dated 25 April 2013 (the "Previous Supplementary Offering Circular") and the documents incorporated by reference therein. This 2 nd Supplementary Offering Circular is to be read in conjunction with the following section of the 2 nd Supplementary Prospectus (as amended herein):
Incorporation of Information by Reference,
which will be deemed to be incorporated by reference herein, save that references to "Prospectus" shall be deemed to be to the "Offering Circular" and references to "Supplementary Prospectus" shall be deemed to be to the "Supplementary Offering Circular".
Application has been made to the Singapore Exchange Securities Trading Limited (the "SGX-ST") for permission to deal in and quotation for any Non PD Notes that may be issued pursuant to the Programme and which are agreed at or prior to the time of issue thereof to be so listed on the SGX-ST. Such permission will be granted when such Non PD Notes have been admitted to the Official List of the SGX-ST. The SGX-ST assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this 2 nd Supplementary Offering Circular. There is no assurance that the application to the SGX-ST for the listing of the Non PD Notes will be approved. Admission to the Official List of the SGX-ST and quotation of any Non PD Notes on the SGX-ST are not to be taken as an indication of the merits of the Issuers, their respective subsidiaries, the Programme or the Non PD Notes.
Each Issuer accepts responsibility for the information contained in this 2 nd Supplementary Offering Circular. To the best of the knowledge of each Issuer (each having taken all reasonable care to ensure that such is the case) such information is in accordance with the facts and does not omit anything likely to affect the import of such information.
To the extent that there is any inconsistency between any statement in or incorporated by reference in the Offering Circular by virtue of this 2 nd Supplementary Offering Circular and any other statement in or incorporated by reference in the Offering Circular or the Previous Supplementary Offering Circular, the statements in or incorporated by reference in the Offering Circular by virtue of this 2 nd Supplementary Offering Circular will prevail.
Save as disclosed in the Previous Supplementary Offering Circular and this 2 nd Supplementary Offering Circular or in any document incorporated by reference in the Offering Circular by virtue of the Previous Supplementary Offering Circular or this 2 nd Supplementary Offering Circular, no other significant new factor, material mistake or inaccuracy relating to information included in the Offering Circular has arisen or been noted, as the case may be, since the publication of the Offering Circular.
The hyperlinks included in this 2 nd Supplementary Offering Circular are included for information purposes only and the websites and their content are not incorporated into, and do not form part of, the 2 nd Supplementary Offering Circular or the Offering Circular.
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