Natwest Group PLC

title: TR-1 form_10 May.docx
author: [email protected]
date: 2024-05-30 19:03:00+00:00

TR-1: Standard form for notification of major holdings

Legal Entity Identifier: 2138005O9XJIJN4JPN90

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i	NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:	1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:	1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:	NatWest Group plc	NatWest Group plc	NatWest Group plc	NatWest Group plc
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)	1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)	1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)	1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)	1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)	1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)	1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer	Non-UK issuer	Non-UK issuer	Non-UK issuer	Non-UK issuer	Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)	2. Reason for the notification (please mark the appropriate box or boxes with an “X”)	2. Reason for the notification (please mark the appropriate box or boxes with an “X”)	2. Reason for the notification (please mark the appropriate box or boxes with an “X”)	2. Reason for the notification (please mark the appropriate box or boxes with an “X”)	2. Reason for the notification (please mark the appropriate box or boxes with an “X”)	2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights	An acquisition or disposal of voting rights	An acquisition or disposal of voting rights	An acquisition or disposal of voting rights	An acquisition or disposal of voting rights	An acquisition or disposal of voting rights	x
An acquisition or disposal of financial instruments	An acquisition or disposal of financial instruments	An acquisition or disposal of financial instruments	An acquisition or disposal of financial instruments	An acquisition or disposal of financial instruments	An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights	An event changing the breakdown of voting rights	An event changing the breakdown of voting rights	An event changing the breakdown of voting rights	An event changing the breakdown of voting rights	An event changing the breakdown of voting rights
Other (please specify)iii:	Other (please specify)iii:	Other (please specify)iii:	Other (please specify)iii:	Other (please specify)iii:	Other (please specify)iii:
3. Details of person subject to the notification obligationiv	3. Details of person subject to the notification obligationiv	3. Details of person subject to the notification obligationiv	3. Details of person subject to the notification obligationiv	3. Details of person subject to the notification obligationiv	3. Details of person subject to the notification obligationiv	3. Details of person subject to the notification obligationiv
Name	Name	Name	The Commissioners of His Majesty’s Treasury	The Commissioners of His Majesty’s Treasury	The Commissioners of His Majesty’s Treasury	The Commissioners of His Majesty’s Treasury
City and country of registered office (if applicable)	City and country of registered office (if applicable)	City and country of registered office (if applicable)	London, England	London, England	London, England	London, England
4. Full name of shareholder(s) (if different from 3.)v	4. Full name of shareholder(s) (if different from 3.)v	4. Full name of shareholder(s) (if different from 3.)v	4. Full name of shareholder(s) (if different from 3.)v	4. Full name of shareholder(s) (if different from 3.)v	4. Full name of shareholder(s) (if different from 3.)v	4. Full name of shareholder(s) (if different from 3.)v
Name	Name	Name	The Solicitor for the Affairs of His Majesty’s Treasury	The Solicitor for the Affairs of His Majesty’s Treasury	The Solicitor for the Affairs of His Majesty’s Treasury	The Solicitor for the Affairs of His Majesty’s Treasury
City and country of registered office (if applicable)	City and country of registered office (if applicable)	City and country of registered office (if applicable)	London, England	London, England	London, England	London, England
5. Date on which the threshold was crossed or reachedvi:	5. Date on which the threshold was crossed or reachedvi:	5. Date on which the threshold was crossed or reachedvi:	30 May 2024	30 May 2024	30 May 2024	30 May 2024
6. Date on which issuer notified (DD/MM/YYYY):	6. Date on which issuer notified (DD/MM/YYYY):	6. Date on which issuer notified (DD/MM/YYYY):	30 May 2024	30 May 2024	30 May 2024	30 May 2024
7. Total positions of person(s) subject to the notification obligation	7. Total positions of person(s) subject to the notification obligation	7. Total positions of person(s) subject to the notification obligation	7. Total positions of person(s) subject to the notification obligation	7. Total positions of person(s) subject to the notification obligation	7. Total positions of person(s) subject to the notification obligation	7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)	% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	25.98%			25.98%	34,896,338,432	34,896,338,432
Position of previous notification (if
applicable)	26.95%			26.95%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares	A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)	Class/type of
shares
ISIN code (if possible)	Class/type of
shares
ISIN code (if possible)	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	Number of voting rightsix	% of voting rights	% of voting rights	% of voting rights	% of voting rights	% of voting rights	% of voting rights
Class/type of
shares
ISIN code (if possible)	Class/type of
shares
ISIN code (if possible)	Class/type of
shares
ISIN code (if possible)	Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)	Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)	Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)	Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares of £1.0769 each GB00BM8PJY71	Ordinary Shares of £1.0769 each GB00BM8PJY71	Ordinary Shares of £1.0769 each GB00BM8PJY71	9,067,049,840	9,067,049,840					25.98%	25.98%	25.98%


SUBTOTAL 8. A	SUBTOTAL 8. A	SUBTOTAL 8. A	9,067,049,840	9,067,049,840	9,067,049,840	9,067,049,840	9,067,049,840	9,067,049,840	25.98%	25.98%	25.98%	25.98%	25.98%	25.98%
















B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))	B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Type of financial instrument	Type of financial instrument	Expiration
datex	Exercise/
Conversion Periodxi	Exercise/
Conversion Periodxi	Exercise/
Conversion Periodxi	Exercise/
Conversion Periodxi	Number of voting rights that may be acquired if the instrument is
exercised/converted.	Number of voting rights that may be acquired if the instrument is
exercised/converted.	Number of voting rights that may be acquired if the instrument is
exercised/converted.	Number of voting rights that may be acquired if the instrument is
exercised/converted.	% of voting rights	% of voting rights	% of voting rights



				SUBTOTAL 8. B 1	SUBTOTAL 8. B 1	SUBTOTAL 8. B 1	SUBTOTAL 8. B 1
















B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))	B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration
datex	Expiration
datex	Expiration
datex	Exercise/
Conversion Period xi	Exercise/
Conversion Period xi	Exercise/
Conversion Period xi	Physical or cash
settlementxii	Physical or cash
settlementxii	Physical or cash
settlementxii	Number of voting rights	Number of voting rights	% of voting rights	% of voting rights	% of voting rights



							SUBTOTAL 8.B.2	SUBTOTAL 8.B.2	SUBTOTAL 8.B.2

|
| 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) | 9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”) |
| Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | |
| Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | x |
| Namexv | Namexv | Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| UK Government Investments Limited, a company wholly-owned by His Majesty’s Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with His Majesty’s Treasury).

The Solicitor for the Affairs of His Majesty’s Treasury is acting as nominee for The Commissioners of His Majesty’s Treasury. | UK Government Investments Limited, a company wholly-owned by His Majesty’s Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with His Majesty’s Treasury).

The percentage of voting rights held by HMT in NatWest Group plc (NWG), as shown on this form (25.98%), has been calculated following the disposal by HMT of 84,082,667 ordinary shares in NWG since its last TR-1 notification on 13 May 2024.

The percentage of voting rights held by HMT could move up or down going forward depending on the number of shares repurchased by NWG and the progress of sales under HMT's trading plan announced on 22 July 2021 and most recently extended on 3 April 2023.
| The Solicitor for the Affairs of His Majesty's Treasury is acting as nominee for The Commissioners of His Majesty's Treasury (HMT).

Place of completion	London, England
Date of completion	30 May 2024

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