ROYAL BK SCOTLAND GROUP PLC

CUSIP: 780097754 Class: CMN

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014
Shares 227,717 Value ($000) $5,374 Avg Close — Range —
Q4 2013
Shares 217,536 Value ($000) $4,714 Avg Close — Range —
Q3 2013
Shares 42,132 Value ($000) $922 Avg Close — Range —
Q2 2013
Shares 285,980 Value ($000) $6,377 Avg Close — Range —