EX-8.1 10 nwg-20221231xex8d1.htm EXHIBIT 8.1

Exhibit 8.1

The principal subsidiaries of NatWest Group plc are:

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​ | ​ | ​ | ​
​ | 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%

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(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.

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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 2022.

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