Natwest Group PLC

Director's Dealing • Jan 2, 2024

29 December 2023

NatWest Group plc

INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION

NatWest Group plc (the Company) announces that the PDMR set out below has sold ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) on the date and at the price indicated:-

PDMR	Position of PDMR	No. of Shares sold	Sale Price	Date of transaction
Oliver Holbourn	CEO, RBS International	62,330	£2.1803	28 December 2023

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share.

The transaction took place on the London Stock Exchange (XLON).

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations Alexander Holcroft Head of Investor Relations +44 20 7672 1758

NatWest Group Media Relations +44(0)131 523 4205