Natwest Group PLC

Director's Dealing • Jul 11, 2012

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer - The Royal Bank of Scotland Group plc

2. Name of person discharging managerial responsibilities/director

Christopher Paul Sullivan

1. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

1. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

1. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

The Royal Bank of Scotland plc Trustee Account BAYE and Profit Sharing

1. State the nature of the transaction

Participation in The Royal Bank of Scotland Group plc Share Incentive Plan

1. Number of shares, debentures or financial instruments relating to shares acquired

61

1. Price per share or value of transaction

£2.0348

1. Date and place of transaction

9 July 2012

1. Date issuer informed of transaction

9 July 2012

1. Name of contact and telephone number for queries

Jan Cargill, Deputy Group Secretary

0131 626 3860

Name and signature of duly authorised officer of issuer responsible for making notification

Jan Cargill, Deputy Group Secretary

Date of notification

10 July 2012