Press Release 28 December 2006      


The Royal Bank of Scotland (RBS) acquires a shareholding in the Group

TTT Moneycorp Limited, a long-established provider of retail, wholesale and commercial foreign exchange services announced that it has secured a significant financial commitment from Royal Bank of Scotland (RBS) as a result of a partial sale of shares by the Shlewet family trust which controls the Company.

Bassam Shlewet, Group Chief Executive for the last 27 years, said:

I am very excited about this development in the life of the Company, enabling us to fulfil our true potential by partnering with such a strong financial institution as RBS".

Keith Hatton, formerly Commercial Director, has become Deputy Chief Executive of the Group with responsibility for driving future growth in the core UK and overseas operations.

Notes to Editors

About TTT Moneycorp

The business was established in 1979 and has grown into one of the leading non-bank providers of commercial and wholesale foreign exchange services to businesses and individuals and the operation of retail bureaux de change across Central London and Gatwick and Stansted airports. The Company achieved turnover last year in excess of £3.8 billion, serving in excess of 2.5 million customers per annum with operations across four continents.

About The Royal Bank of Scotland

The Royal Bank of Scotland is a broadly based financial services group with operations spanning clearing banking, corporate banking, financial services, investment management and insurance, both in the UK and overseas.  It is the third largest bank in Europe and the Group serves more than 35 million customers worldwide. RBS Global Banking & Markets is a leading banking partner to major corporations and financial institutions around the world, specialising in providing these customers with a full range of debt financing, risk management and investment services.