The RBoS Shareholders Action Group (“the Company”) is a company limited by guarantee formed for the purpose of researching and possibly pursuing legal action on behalf of the shareholders in Royal Bank of Scotland (“RBS”). Of particular concern to shareholders is the rights issue that was undertaken in May of 2008. Although it was at a substantial discount to the market price of the shares at that time, the share price has since fallen very substantially. The rights issue was at 200p whereas the company has recently traded around the 40p mark and has been as low as 10p. Shareholders believe the rights prospectus was misleading and it certainly gave no hint that within a few months the company would require a massive bail-out by the Government which has diluted the interests of ordinary shareholders very substantially (the Government's economic interest in the company has risen to 85%). Shareholders have as a result lost an enormous amount of their capital. The RBoS Shareholders Action Group was formed by a number of shareholders to pursue this matter and any claims that can be brought. We invite you to register your interest by becoming “associate members” of the Company. If you wish to become part of our Legal action please contact us by email or phone.