Natwest Group PLC

Director's Dealing • Dec 10, 2014

The Royal Bank of Scotland Group plc (the "Company") 9 December 2014

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

The Company was notified on 8 December 2014 that the Trustee of The Royal Bank of Scotland plc BAYE and Profit Sharing Account purchased ordinary shares of £1 in the Company ("Shares") on that date on behalf of the PDMR named below as a participant in The Royal Bank of Scotland Group plc Share Incentive Plan.

PDMR	No. of Shares purchased	Purchase price
------	-------------------------	----------------

Christopher Sullivan 31 £4.011

For further information contact:- Group Media Relations - +44(0)131 523 4205

Person responsible for making notification:- Aileen Taylor, Company Secretary