Natwest Group PLC

Major Shareholding Notification • Apr 3, 2015

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title: " "
author: "Peter Norton"
date: 2015-03-31 18:31:00+00:00
processing_status: success_python-docx_mammoth

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			The Royal Bank of Scotland Group plc
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				x
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		The Solicitor for the affairs of Her Majesty’s Treasury
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		31 March 2015
6. Date on which issuer notified:		2 April 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		Crossed percentage thresholds of 62% and 79%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction							Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights				Number of shares			Number of voting rights			% of voting rights x
Direct			Direct xi		Indirect xii	Direct			Indirect
GB00B7T77214	3,964,483,519			15,857,934,076				3,964,483,519			15,857,934,076			61.80%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii			Exercise/ Conversion Period xiv						Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price			Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to					% of voting rights xix, xx
Series 1 class B shares		£5.00 (subject to adjustment)			-		Anytime			Up to 20,400,000,000 (depending on extent of conversion into ordinary shares)					Nominal			Delta
Up to 44.28%
Total (A+B+C)
Number of voting rights									Percentage of voting rights
36,257,934,076									78.72%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
UKFI Financial Investments Limited, a company wholly-owned by Her 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 Her Majesty’s Treasury). The solicitor for the affairs of Her Majesty’s Treasury is acting as nominee for Her Majesty’s Treasury.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	The Solicitor for the Affairs of Her Majesty’s Treasury is acting as nominee for Her Majesty’s Treasury
14. Contact name:	James Neilson
15. Contact telephone number:	+44 (0)207 270 5813