Filed pursuant to Rule 433 Registration Statement Nos. 333-162193 and 333-162193-01

Home Product List Learn about RBS ETNs Contact Us About Us Search: CUSIP, Text Products Learn About RBS ETNs News Exchange Traded Notes Frequently Asked Questions What are some of the market measures to which an RBS ETN can be linked? How do I buy or sell an RBS ETN? What happens if I buy and hold an RBS ETN to its maturity? If you own an RBS ETN on its maturity date, RBS N.V., the issuer, will pay you an amount in cash equal to the redemption value of your ETN. The redemption value of an ETN will depend on the performance of the underlying market measure(s) to which the ETN is linked, less the applicable investor fees. Any payment at maturity of the ETNs is subject to the ability of RBS N.V. and, in the case of the guarantee, RBS Holdings N.V., to satisfy their obligations when due. Can I offer my RBS ETNs for repurchase by RBS N.V. before their maturity date? What is the redemption value of an RBS ETN? What is the difference between the market price of an RBS ETN and its redemption value? Can an RBS ETN trade at a premium or discount to its redemption value? What is the tax treatment of an investment in an RBS ETN? What are some of the key risks to investing in RBS ETNs? What else should I consider? The Royal Bank of Scotland N.V. (RBS N.V.) and RBS Holdings N.V. have filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offerings of RBS ETNs to which this communication relates. Before you invest in any RBS ETNs, you should read the prospectus in that registration statement and other documents that have been filed with the SEC for more complete information about RBS N.V. and RBS Holdings N.V., and the relevant offerings. You may get these documents for free by visiting EDGAR on the SEC's web site at www.sec.gov. Alternatively, RBS N.V., RBS Holdings N.V., RBS Securities Inc. or any dealer participating in the relevant offering will arrange to send you the prospectus, prospectus supplement and the relevant pricing supplement at no charge if you request it by calling 1-866-747-4332. Privacy Statement Terms and Conditions