Natwest Group PLC

Share Issue/Capital Change • Sep 13, 2013

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author: "Daniel Holmes"
date: 2013-09-12 16:42:00+00:00
processing_status: success_python-docx_mammoth

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Royal Bank of Scotland Group PLC

12 September 2013

THE ROYAL BANK OF SCOTLAND GROUP PLC

ALLOTMENT AND ISSUE OF NEW ORDINARY SHARES

The Royal Bank of Scotland Group plc (the "Company") announces the allotment and issue of 20,473,967 new ordinary shares (the "New Ordinary Shares") of the Company at a subscription price of 341.898 pence per New Ordinary Share. The shares have been sold in the market. The subscription price was determined by reference to the average market price during a period since the Company's interim results 2013 on 2 August 2013. The shares being issued are for the purposes of partly neutralising the impact of 2013 coupon payments on discretionary hybrid capital from a Core Tier 1 capital perspective, as explained in the Company's first quarter 2013 results.

Based on this subscription price, the gross proceeds of the issue are GBP 70 million. The New Ordinary Shares being issued represent an increase of approximately 0.3 per cent in the Company's current issued ordinary shares.

The New Ordinary Shares will, when issued, be credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company.

Applications will be made for admission of the Shares to the premium listing segment of the Official List of the UK Listing Authority and to trading (together "Admission") on (i) the main market of the London Stock Exchange, (ii) the New York Stock Exchange ("the NYSE") (American Depositary Shares ("ADS") will also be listed with the NYSE in addition to the New Ordinary Shares underlying the ADSs); and (iii) Euronext Amsterdam. It is expected that Admission will take place at 8.00 a.m. on 18 September 2013.

For Further Information Contact:

RBS Group Investor Relations Richard O'Connor, Head of Investor Relations +44 20 7672 1758	RBS Group Media Relations +44 131 523 4205