Capital reorganisation planned to increase available distributable reserves 2016 evolution in RBSG (HoldCo) distributable reserves ~38 (£bn) ~30 16.3 1.2 6.0 8.0 1.1 8.0 FY 2015 Tier 1 Write down Other(1) FY 2016 Illustrative redemptions of investment benefit of capital reorganisation  FY 2016 RBSG (HoldCo) distributable reserves £8.0bn vs £16.3bn at FY 2015  Capital reduction planned to reclassify up to ~£25bn share premium and ~£5bn capital redemption reserve as distributable reserves  Target AGM approval in Q2, with subsequent court approval during 2017 59 (1) Includes £1.2bn to retire the Dividend Access Share