EX-8.1 3 nwg-20211231xex8d1.htm EXHIBIT-8.1

Exhibit 8.1

The principal subsidiaries of NatWest Group plc are:

​ | ​ | ​ | ​
​ | Nature of business | Country of incorporation and principal area of operation | Group interest
National Westminster Bank Plc (1,3) | Banking | Great Britain | 100%
The Royal Bank of Scotland plc (3) | Banking | Great Britain | 100%
Coutts & Company (2, 3) | Banking | Great Britain | 100%
Ulster Bank Ireland Designated Activity Company (3) | Banking | Republic of Ireland | 100%
NatWest Markets Plc | Banking | Great Britain | 100%
NatWest Markets N.V. (4) | Banking | Netherlands | 100%
The Royal Bank of Scotland International Limited (5) | Financial Institution | Jersey | 100%

​

(1) | The company does not hold any of the preference shares in issue.

(2) | Coutts & Company is incorporated with unlimited liability.

(3) | Owned via NatWest Holdings Limited.

(4) | Owned via NatWest Markets Plc.

(5) | Owned via The Royal Bank of Scotland International (Holdings) Limited.

The above information is provided only in relation to subsidiary companies which would be deemed to be a “significant subsidiary” in accordance with rule 1-02(w) of Regulation S-X as at 31 December 2021.