RNS Number : 1485CNatWest Group plc08 June 2023

8 June 2023

NatWest Group plc

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

NatWest Group plc (the Company) announces that deferred awards (Deferred Awards) over ordinary shares of £1.0769* each in the Company (Shares) (ISIN: GB00BM8PJY71) vested on 7 June 2023, under theNatWest Group plc 2014 Employee Share Plan (the Plan),to the PDMRs set out below. The awards were granted underthe Plan on 7 March 2023.

The number of Shareswithheld to meet associated tax liabilities arising on vesting and thenumber 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 retained

Robert Begbie

CEO, NatWest Markets

65,810

32,296

33,514

Peter Flavel

CEO, Wealth Businesses

52,858

24,881

27,977

Oliver Holbourn1

CEO, RBS International

58,320

-

58,320

David Lindberg

CEO, Retail Banking

85,642

40,313

45,329

Scott Marcar

Group Chief Information Officer

98,929

46,567

52,362

Andrew McLaughlin

CEO, Commercial & Institutional (non-ring-fenced bank)

54,196

24,425

29,771

Katie Murray

Group Chief Financial Officer

73,596

34,643

38,953

Alison Rose

Group Chief Executive Officer

113,820

53,576

60,244

John-Paul Thwaite

CEO, Commercial & Institutional (ring-fenced bank)

63,764

30,015

33,749

Jen Tippin

Chief People & Transformation Officer

101,720

47,881

53,839

1.    The award was granted when the PDMR was resident in Jersey and therefore is taxable in Jersey only and not in the UK. No employer tax withholding is required under Jersey law. The Jersey income tax payable in respect of the vesting of the award will be paid by the PDMR directly to the Jersey tax authority.

* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share

The market price used tomeet associated tax liabilitieswas £2.5972.

Vested Shares retained after payment of associated tax liabilities will be subject to a twelve-month retention period.

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

Legal Entity Identifier: 2138005O9XJIJN4JPN90

For further information contact:-

NatWest Group Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758

NatWest Group Media Relations 

+44(0)131 523 4205

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