As a result of this analysis, we have concluded that there is a significant risk that the separation and divestment to which we are committed will not be achieved by 31st December 2017. Due to the complexities of Williams & Glyn's customer and product mix, the programme to create a cloned banking platform continues to be very challenging and the timetable to achieve separation is uncertain. RBS is exploring alternative means to achieve separation and divestment. The overall financial impact on RBS is now likely to be significantly more than previously estimated.

As scheduled, we will be announcing our Q1 2016 results on Friday, 29th April 2016.

The Royal Bank of Scotland Group plc issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 13:04:05 UTC

Original Document: http://www.rbs.com/news/2016/april/update-on-the-disposal-of-williams-glyn.html