RBS Royal Bank of Scotland Group PLC

THE EVENT: European financial stocks were have been hit in recent days by mounting worries over their exposure to weak economies in the region after ratings agency Standard & Poor's downgraded Spain's sovereign debt by one notch, reduced Greece to junk status and cut Portugal to A-minus.

The European Union and the International Monetary Fund have now agreed a three-year EUR110 billion loan package for Greece intended to help restore the country's economy.

Below is a list of exposures declared by individual banks and insurance companies:

FRANCE:

*Credit Agricole (ACA.FR): Greek government bonds EUR850 million, of which its Emporiki Bank of Greece (TEMP.AT) unit accounts for EUR600 million. Holds minority stakes in Banco Espirito Santo (BES.LB) of Portugal and Bankinter (BKT.MC) of Spain.

*Societe Generale (GLE.FR): No comment on overall exposure. SocGen owns a majority stake in Greek bank Geniki

*BNP Paribas (BNP.FR): Exposure to Greek banks negligible. Exposure to Greek companies very limited.

*AXA (AXA): At April 29, Greece EUR500 million. At end of 2009, Portugal EUR900 million, Spain EUR3.9 billion, Ireland EUR200 million, Italy EUR4 billion. (All exposures net of policyholder participation and tax)

*CNP Assurances (CNP.FR): Net of policyholder participation and tax, Greece EUR113 million, Portugal EUR154 million, Spain EUR241 million, Ireland EUR103 million, Italy EUR438 million

GERMANY:

*Deutsche Bank (DB): Greece very limited, no comment on others

*Deutsche Postbank AG (DPB.XE): Greece EUR1.3 billion. Portugal EUR50 million, Spain EUR1.2 billion, Ireland EUR350 million, Italy EUR4.7 billion

*Commerzbank (CBK.XE): Greece EUR3.1 billion, no comment on others

*Munich Re AG (MUV2.XE): Greece EUR2.1 billion, Portugal EUR800 million, Spain EUR2.1 billion, Italy EUR5.1 billion

*Allianz (ALV.XE): Greece EUR900 million, Portugal EUR500 million, Spain EUR1.8 billion, Italy EUR7.6 billion

*Hypo Real Estate: Greece EUR7.9 billion, Portugal EUR1.7 billion, Spain EUR2.7 billion, Italy EUR26.5 billion

UK:

*Lloyds Banking Group (LYG): Greece, Portugal not material

*Royal Bank of Scotland Group (RBS): Credit exposure, Greece under GBP1 billion (personal, sovereign, banks/financial institutions/corporate), Portugal GBP1.4 billion (GBP42 million sovereign, GBP1.1 billion corporate)

*Barclays (BCS): Greek government debt exposure, GBP200 million. Exposure through retail and wholesale banking is small.

It also described as small its overall exposure to Spain and Portugal, amid increasing concerns that those countries will follow Greece and require international capital.

*Standard Chartered (STAN.LN): None

*HSBC (HBC): No comment

*Aviva (AV): Greece end-March GBP500 million. Greece, Portugal, Spain end-December GBP1.2 billion sovereign debt, or 2% of shareholder debt securities

*Prudential (PRU.LN): Greece, Portugal, Ireland none. Spain GBP1 million

*Standard Life (SL.LN): Minimal

SWITZERLAND:

*Credit Suisse (CS): Not material

*UBS (UBS): Not material

*Swiss Reinsurance (RUKN.VX): Government bonds end-2009, Greece CHF482 million, Portugal CHF50 million, Spain CHF127 million

ITALY:

*Assicurazioni Generali SpA (G.MI): Greece EUR749 million, Portugal EUR600 million, net of policyholder participation and tax

*Intesa Sanpaolo (ISP.MI): Government bonds, Greece EUR1 billion

*UniCredit (UCG.MI): Not material

BELGIUM:

*KBC (KBC.BT): Government bonds, Greece EUR1.2 billion, Portugal EUR600 million, Spain EUR2.4 billion

*Fortis Holding (FORB.BT): Government bonds, Greece EUR3.152 billion, Portugal EUR2.25 billion, Spain EUR1.78 billion

*Dexia (DEXB.BT): Declined to comment.

NETHERLANDS:

*ING Groep (ING): Greece EUR3 billion, Portugal EUR1.9 billion, Spain EUR3 billion, Italy EUR7.9 billion

*Aegon (AGN.AE): Greece EUR92 million, Portugal EUR58 million, Spain EUR1.78 billion, Ireland EUR138 million, Italy EUR143 million

*SNS Reaal (SR.AE): Greece EUR266 million, Spain EUR798 million, Italy EUR1.46 billion

SPAIN:

*Banco Bilbao Vizcaya Argentaria SA (BBVA): Little exposure to Greece, Portugal

*Banco Santander (STD): Greek government bonds EUR200 million in its ALCO bond portfolio, Portugal EUR3.3 billion in government bonds, Spain EUR24 billion in government debt.

*Mapfre SA (MAP.MC) has EUR540 million in Greek debt, or 1.7% of its bond portfolio, and a similar amount of Portuguese debt.