RNS No 7578t
ROYAL BANK OF SCOTLAND GROUP PLC
1st July 1997


                                               
THE ROYAL BANK OF SCOTLAND GROUP plc ("ROYAL BANK GROUP") ACQUIRES
SHAREHOLDING IN COMPUTERSHARE LIMITED OF AUSTRALIA ("COMPUTERSHARE")


Royal Bank Group today subscribed for 2,286,173 new ordinary shares of
Aus$0.20 each in the issued ordinary share capital of Computershare which is
based in Melbourne, Australia and whose ordinary shares are listed on the
Australian Stock Exchange. This shareholding represents 9 percent of the
increased issued ordinary share capital of Computershare and was acquired for
a consideration of  Aus$17,146,297 which was paid in cash.

The core business of Computershare is the provision of information technology
services to the share registration market in Australia and New Zealand where
it has a market share of over 90 per cent in each country.


For further information contact:

Joan Collins
PR Manager
Corporate & Institutional Banking
The Royal Bank of Scotland plc          Tel: 0171-427-9119

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