Natwest Group PLC

Regulatory Filings • Sep 30, 2016

Our proposed ring-fence structure explained

One Group holding company The Royal Bank of Scotland Group plc

One ring-fenced holding company

NatWest Holdings Limited

Five licensed banks within the ring-fenced group

• 1. The Royal Bank of Scotland plc (previously Adam & Company PLC)
• 1. National Westminster Bank Plc
• 1. Coutts and Co
• 1. Ulster Bank Ireland DAC
• 1. Ulster Bank Limited

Three licensed banks outside the ring-fenced group:

• 1. NatWest Markets Plc (formerly The Royal Bank of Scotland plc)
• 1. The Royal Bank of Scotland International Limited (Jersey)
• 1. Isle of Man Bank Limited (Isle of Man)

Ring-fenced brands

Brands outside the ring-fence