<![CDATA[
<table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" summary="Interim Results for the half year ended 30 June 2006 no frames">
<tr class="HeaderEmail">
<td id="LogoDiv" rowspan="2">
<a target="_blank" href="http://www.rbs.com/"><img border="0" src="http://www.shareholder.com/shared/dynamicdoc/RBS/1267/logo.gif" alt="logo"></a>
</td><td id="TitleDiv" rowspan="2">
<h1 id="DocTitle">Interim Results for the half year ended 30 June 2006</h1>
<div id="NavArrows">
<img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/rew_off.gif" width="14" height="14" alt="First Page" border="0">
<img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/prev_off.gif" width="14" height="14" alt="Previous Page" border="0">
<span id="PageLabel">
Front Cover
</span>
<a href="http://www.shareholder.com/visitors/dynamicdoc/document.cfm?documentid=1266&companyid=RBSCSR&Page=2" class="button"><img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/next_on.gif" width="14" height="14" alt="Next Page" border="0"></a>
<span style="display:none;">|</span>
<a href="http://www.shareholder.com/visitors/dynamicdoc/document.cfm?documentid=1266&companyid=RBSCSR&Page=56" class="button"><img src="http://www.shareholder.com/visitors/dynamicdoc/v3/images/ffwd_on.gif" width="14" height="14" alt="Last Page" border="0"></a>
</div></td>
<td colspan="2">
<form id="SectionSelect" name="SectionSelect" action="http://www.shareholder.com/visitors/dynamicdoc/document.cfm?documentid=1266&companyid=RBSCSR" method="post">
<label for="Sections">Table of Contents</label>
<br><select class="FormFields" name="Page" id="Sections" size="1">
<option value="1" selected>Front Cover</option>
<option value="2">Table of Contents</option>
<option value="3">2006 First Half Highlights</option>
<option value="4">Results Summary</option>
<option value="5">Group Chief Executive's Review</option>
<option value="7">Summary Consolidated Income Statement</option>
<option value="8">Financial Review</option>
<option value="10">Description of Business</option>
<option value="12">Divisional Performance</option>
<option value="13">Corporate Markets</option>
<option value="15">Global Banking & Markets</option>
<option value="17">UK Corporate Banking</option>
<option value="18">Retail Markets</option>
<option value="20">Retail Banking</option>
<option value="22">Direct Channels</option>
<option value="23">Wealth Management</option>
<option value="24">Ulster Bank</option>
<option value="25">Citizens</option>
<option value="27">RBS Insurance</option>
<option value="29">Manufacturing</option>
<option value="30">Central Items</option>
<option value="31">Average Balance Sheet</option>
<option value="32">Average Interest Rates, Yields, Spreads and Margins</option>
<option value="33">Condensed Consolidated Income Statement</option>
<option value="34">Condensed Consolidated Balance Sheet</option>
<option value="35">Overview of Condensed Consolidated Balance Sheet</option>
<option value="37">Cond. Statement of Recognised Income and Expense</option>
<option value="38">Condensed Consolidated Cash Flow Statement</option>
<option value="39">Notes</option>
<option value="46">Analysis of Income, Expenses and Impairment Losses</option>
<option value="47">Regulatory Ratios</option>
<option value="48">Asset Quality</option>
<option value="50">Market Risk</option>
<option value="51">Other Information</option>
<option value="52">Forward-Looking Statements</option>
<option value="53">Independent Review Report by the Auditors</option>
<option value="55">Restatements</option>
<option value="56">Financial Calendar</option>
<option value="56">Contacts</option>
</select>
<input class="FormFields" type="image" src="http://www.shareholder.com/visitors/dynamicdoc/themes/C/Go.gif" alt="Go" value="Go">
</form>
</td>
</tr>
<tr class="HeaderEmail">
<td>
<form id="Search" name="Search" action="http://www.shareholder.com/visitors/dynamicdoc/document.cfm?documentid=1266&companyid=RBSCSR" method="post">
<label for="keyword">Search</label><br><input class="FormFields" maxlength="100" name="keyword" id="keyword" size="10" type="Text" value="">
<input type="image" src="http://www.shareholder.com/visitors/dynamicdoc/themes/C/Search.gif" alt="Search" value="Search" class="FormFields"></nobr>
</form></td>
<td><form id="Jump" name="Jump" action="http://www.shareholder.com/visitors/dynamicdoc/document.cfm?documentid=1266&companyid=RBSCSR" method="post">
<label for="EmailGoTo">Go to page</label><br><input class="FormFields" maxlength="15" id="EmailGoTo" name="EmailGoTo" size="4" type="Text" value="1">
<input type="image" src="http://www.shareholder.com/visitors/dynamicdoc/themes/C/GoToPage.gif" alt="Go to page" value="Go to page" class="FormFields">
</form>
</td>
</tr><tr>
<td colspan="4" align="center" id="DisplayPage"><a href="http://www.shareholder.com/visitors/dynamicdoc/document.cfm?documentid=1266&companyid=RBSCSR&page=2"><img name="DisplayPage" src="http://www.shareholder.com/shared/dynamicdoc/RBS/1267/page_1.jpg" border="2" alt="Front Cover" longdesc="http://www.shareholder.com/visitors/dynamicdoc/v3/../page_longdesc.cfm?CompanyID=RBS&documentID=1267&PIN=&Page=1"></a>
<span style="display:none;">[<a href="../page_longdesc.cfm?CompanyID=RBS&documentID=1267&PIN=&Page=1">D</a>]</span></td>
</tr>
</table>
]]>