WESTMINSTER GROUP PLC — Capital/Financing Update 2021

May 21, 2021

National Westminster Bank Plc

(the "Issuer")

NOTICE OF REDEMPTION

To the Noteholder of its €100,000,000 Floating Rate Undated Subordinated Step-Up Notes (the "Notes")

ISIN: XS0102480786 Common Code: 10248078

NOTICE IS HEREBY GIVEN, in accordance with the trust deed dated 24 June 1999 between the Issuer and The Law Debenture Trust Corporation p.l.c. (the "Trust Deed") that pursuant to Conditions 5.3, 5.4 and 13 and subject to Condition 3C.3 of the terms and conditions of the Notes, all of the outstanding Notes shall be redeemed by the Issuer on 5 July 2021 (the "Redemption Date") at par, together with interest accrued to but excluding the Redemption Date and subsequently cancelled.

NOTICE IS HEREBY FURTHER GIVEN that interest on the redeemed Notes shall cease to accrue after the Redemption Date, unless, upon due presentation thereof, payment of principal together with accrued interest thereon is improperly withheld or refused. In such event interest will continue to accrue as provided in the Trust Deed.

Terms used but not defined herein shall have the meaning given to them in the Trust Deed.

Dated: 21 May 2021

National Westminster Bank Plc

By:

Name: Donal Quaid Title: NatWest Group Treasurer