Barclays Global Financial Services Conference

Costs reduction programme continues - Greater annualised cost savings... £bn 3.3 2.5 2.7 £bn 3.5 and lower cost of programme implementation 3.9 3.2 3.1 Original strategic 2010 view 2011 view of 2013 of 2013 2013 annualised plan saving Original 2011 2013 strategic plan expectation Cost evolution, 2008 - 2011 £bn 17.81 3.0 15.5 1.1 1.6 1.2 FY08 Rebased Cost reduction programme Non-Core reduction & disposals Cost inflation Investment spend & other FY11 1 Excluding non-repeating credits **RBS Group 11

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