updated 2/7/2011 5:17:39 PM ET 2011-02-07T22:17:39

NEW YORK, Feb. 7, 2011 (GLOBE NEWSWIRE) -- Harwood Feffer LLP announces that a class action lawsuit has been commenced in the Untied States District Court for the Southern District of New York on behalf of purchasers of the American Depository Receipts ("ADRs") of The Royal Bank of Scotland Group plc ADRs ("RBS" or the "Company") (NYSE:RBS) pursuant and/or traceable to a false and misleading registration statement and prospectus issued on or about April 8, 2005, the supplements thereto and documents referenced therein.

No class has yet been certified in the above action. Class members will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than March 28, 2011 and be selected by the court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages to serve as a Lead Plaintiff. You may contact the Harwood Feffer LLP website ( http://www.hfesq.com ) or Samuel K. Rosen, directly, at srosen@hfesq.com to ask any questions you may have in that regard.

The complaint charges RBS and certain of its officers, directors, and underwriters of violations of the Securities Act of 1933 by virtue of the Company's failure to disclose that its portfolio of debt securities was much more impaired than disclosed, with losses attributable to the severe impairment not being recorded and that the Company's participation in the acquisition of ABN AMRO would have disastrous results on the Company's capital position and overall operations such that, with an inadequate capital base resulting from the significant deterioration in the Company's subprime assets, the Company would have no choice but to raise significant amounts of additional capital under unfavorable terms..Harwood Feffer believes that investors in RBS's ADRs between March 1, 2007 and January 19, 2009 may also have certain rights in connection with the allegations in the complaint and in other pending litigation.

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com ) for more information about the firm.

If you suffered a loss in excess of $100,000 from your transactions in RBS's ADRs between March 1, 2007 and January 19, 2009, or pursuant and/or traceable to a false and misleading registration statement and prospectus issued on or about April 8, 2005, and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.  
Samuel K. Rosen, Esq.  
Harwood Feffer LLP  
488 Madison Avenue  
New York, New York 10022  
Phone Numbers:  (877) 935-7400
  (212) 935-7400
Email:   rharwood@hfesq.com
Website:   http://www.hfesq.com

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

The Harwood Feffer LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=454

CONTACT: Harwood Feffer LLP
         Robert I. Harwood, (877) 935-7400 or (212) 935-7400
         Samuel K. Rosen, (877) 935-7400 or (212) 935-7400

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