Natwest Group PLC

Remuneration Information • Jun 8, 2020

National Storage Mechanism | Additional information

RNS Number : 3006P

Royal Bank of Scotland Group PLC

08 June 2020

8 June 2020

The Royal Bank of Scotland Group plc

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014

1.  The Royal Bank of Scotland Group plc (the Company) announces that conditional deferred awards over ordinary shares of £1 each in the Company (Shares) (ISIN: GB00B7T77214) vested on 8 June 2020 to the PDMRs set out below. The conditional deferred awards were granted under the RBS 2014 Employee Share Plan in March 2020. The number of Shares withheld to meet associated tax liabilities arising on vesting and the number of vested Shares retained by each PDMR is set out below:-

Name of PDMR	Position of PDMR	No. of Shares vested	No. of Shares withheld to satisfy associated tax liability	No. of vested Shares net of tax
Robert Begbie	Interim CEO, NatWest Markets	63,912	30,724	33,1881
42,2282	20,300	21,928
Peter Flavel	CEO, Private Banking	40,161	18,905	21,2561
42,2282	19,877	22,351
John-Paul Thwaite	CEO, Commercial Banking	49,217	23,167	26,0501
42,2282	19,911	22,317
1 These Shares are subject to a 12 month retention period.
2 These Shares were calculated with reference to a transaction price of £1.3735

The market price used to meet associated tax liabilities was £1.3645.

2.  The Company announces that the PDMR set out below has sold Shares on the date and at the price indicated:-

Name of PDMR	Position of PDMR	No. of Shares sold	Sale price	Date of transaction
John-Paul Thwaite	CEO, Commercial Banking	22,317	£1.3645	8 June 2020

All of the above transactions took place on the London Stock Exchange (XLON).

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

RBSG Investor Relations

Alexander Holcroft

Head of Investor Relations

+44(0)20 7672 1758

RBSG Media Relations 

+44(0)131 523 4205

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