<SEC-DOCUMENT>0001654954-24-003286.txt : 20240318
<SEC-HEADER>0001654954-24-003286.hdr.sgml : 20240318
<ACCEPTANCE-DATETIME>20240318132008
ACCESSION NUMBER:		0001654954-24-003286
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240318
FILED AS OF DATE:		20240318
DATE AS OF CHANGE:		20240318

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NatWest Group plc
		CENTRAL INDEX KEY:			0000844150
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10306
		FILM NUMBER:		24758043

	BUSINESS ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ
		BUSINESS PHONE:		441315568555

	MAIL ADDRESS:	
		STREET 1:		GOGARBURN
		STREET 2:		PO BOX 1000
		CITY:			EDINBURGH, SCOTLAND
		STATE:			X0
		ZIP:			EH12 1HQ

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYAL BANK OF SCOTLAND GROUP PLC
		DATE OF NAME CHANGE:	19950712
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a2884h.htm
<DESCRIPTION>NOTICE OF AGM
<TEXT>
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FORM 6-K</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington D.C. 20549</font></div>
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Report of Foreign Private Issuer</font></div>
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Pursuant to Rule 13a-16 or 15d-16</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
of the Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">For
March 18, 2024</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Commission
File Number: 001-10306</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NatWest
Group plc</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Gogarburn,
PO Box 1000</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Edinburgh
EH12 1HQ</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;Form
20-F <font style="text-decoration: underline">X</font> Form 40-F
___</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Yes ___
No <font style="text-decoration: underline">X</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________</font></div>
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The following information was issued as&#xA0;Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:</font>&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
NatWest Group plc ("NatWest Group")</font></div>
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18 March 2024</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Notice of 2024 Annual General Meeting and Form of
Proxy</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Annual General Meeting ("AGM") of NatWest Group will be held at
Gogarburn, Edinburgh, EH12 1HQ at 11.00 a.m. on Tuesday 23 April
2024.</font></div>
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&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
The Notice of Meeting, contained within the Letter to Shareholders,
and Form of Proxy will be mailed or made available to shareholders
shortly, together with the 2023 Strategic Report or the 2023 Annual
Report and Accounts, as appropriate.&#xA0; The 2023 Strategic
Report and the 2023 Annual Report and Accounts are available to
view online at&#xA0;</font><font style="text-decoration: underline; color: #4472C4; font-family: Times New Roman; font-size: 13px">investors.natwestgroup.com/annual-report</font><font style="color: #0070C0; font-size: 13px">.</font><font style="color: #000000; font-size: 13px">&#xA0;The
Notice of Meeting will be available to view at</font><font style="color: #000000; font-family: Times New Roman">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">natwestgroup.com/agm</font><font style="color: #0070C0; font-family: Times New Roman; font-size: 13px">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000; font-size: 13px">
Copies of the above documents will also be submitted to the
National Storage Mechanism today and will be available for
inspection at:</font><font style="color: #000000; font-size: 16px">&#xA0;</font><font style="text-decoration: underline; color: #0000FF; font-size: 13px">https://data.fca.org.uk/#/nsm/nationalstoragemechanism</font><font style="color: #000000; font-size: 13px">.&#xA0;</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 16px"><font style="color: #000000; font-size: 13px">
Shareholders will be able to attend the 2024 AGM in person and are
also being invited to attend a live</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">Virtual Shareholder Event
("Virtual Event"), which will be held at 6.00 p.m. on 15 April
2024.</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">By holding the Virtual Event as
well as the physical AGM we are providing shareholders with the
opportunity to engage with our current Chair Designate, Rick
Haythornthwaite, who is due to be appointed as Chair on 15 April
2024, and our CEO, Paul Thwaite and ask questions prior to voting
on the business of the AGM.</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Shareholders attending the AGM will, as usual, be able to ask
questions related to the business of the AGM either at or in
advance of the Q&amp;A session, which will precede the formal
voting process. Shareholders attending the Virtual Event can also
submit questions before or during the event.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Further details on the AGM and the Virtual Event, including how to
ask questions at each event, can be found on pages&#xA0;</font>12
and 13<font style="color: #000000">&#xA0;of the Letter to
Shareholders. Any shareholders unable to join the AGM or Virtual
Event will be able to access recordings of both events
at&#xA0;</font><font style="color: #4472C4">natwestgroup.com/agm</font><font style="color: #000000">.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 16px"><font style="color: #000000; font-size: 13px">
The webpage will also display answers to shareholder questions on
key themes from the Virtual Event as soon as is practically
possible following the event. Please note that s</font><font style="font-size: 13px">hareholders who submit questions will be deemed
to consent to their names being mentioned</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">while their questions are
addressed at the AGM or Virtual Event.</font></font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: -1px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Shareholders can ensure their votes are counted at the AGM by
submitting their proxies, either online or by post, so that they
are received by the proxy voting deadline of 11.00 a.m. on 19 April
2024, or if attending the AGM, by voting at the
meeting.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Business of the AGM</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In addition to the routine AGM business, the following resolutions
are being proposed:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Equity Convertible Notes ("ECN") authority</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In line with the authorities approved by shareholders in 2023,
which will expire on the earlier of the conclusion of our 2024 AGM
or at the close of business on 30 June 2024, two resolutions are
being proposed in order to renew authorities that will allow
ordinary shares and equity securities to be allotted in connection
with the issue of ECNs: the first an ordinary resolution giving the
Directors authority to allot ordinary shares or grant rights to
subscribe for or to convert any security into ordinary shares up to
an aggregate nominal amount of &#xA3;1.5 billion; and the other a
special resolution empowering the Directors to allot equity
securities on a non pre-emptive basis up to an aggregate nominal
amount of &#xA3;1.5 billion. If the proposed &#xA3;1.5 billion
authority is approved by shareholders, and subject to market
conditions, the Company plans to issue up to &#xA3;1 billion
principal amount of ECNs in 2024.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
If approved, these two resolutions will provide NatWest Group with
flexibility to manage its capital through the issue of
loss-absorbing capital instruments in the form of ECNs.&#xA0; ECNs
would convert into newly issued ordinary shares in the Company upon
the occurrence of certain events (for example, NatWest Group's
capital ratios falling below a specified level), diluting existing
holdings of ordinary shares.&#xA0;&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Authority to purchase own shares</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
In line with the authority approved by shareholders in 2023, which
will expire on the earlier of the conclusion of our 2024 AGM or at
the close of business on 30 June 2024, a resolution is being
proposed as a special resolution that will, if approved, grant
NatWest Group authority to purchase its own ordinary shares on a
recognised investment exchange up to a maximum of 10% of the issued
ordinary share capital.&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Directors consider it may, in certain circumstances, be in the
best interests of shareholders for NatWest Group to purchase its
own shares and the Directors will only make purchases where, in the
light of market conditions prevailing at the time, they consider
this to be the case. NatWest Group will also require regulatory
approval by the Prudential Regulation Authority for any purchase of
NatWest Group ordinary shares.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Amendments to directed buyback contract with HM Treasury and
renewal of directed buyback authority</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
A special resolution is being proposed that will authorise NatWest
Group to amend the directed buyback contract between NatWest Group
and HM Treasury dated 7 February 2019 (the "Directed Buyback
Contract"), to account for certain changes in anticipation of the
Financial Conduct Authority's proposed reforms to the Listing Rules
relating to related party transactions, together with certain other
administrative amendments and updates (the "Amended Directed
Buyback Contract"). The Notice of Meeting will contain further
details on these changes and the Directed Buyback Contract, the
Amended Directed Buyback Contract, together with a comparison of
the two, will be available to view at
natwestgroup.com/agm</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="font-family: Times New Roman; font-size: 16px"><font style="color: #000000; font-size: 13px">
In line with the authority approved by shareholders in
2023,</font><font style="color: #000000">&#xA0;</font><font style="color: #000000; font-size: 13px">which will expire on the earlier
of the conclusion of our 2024 AGM or at the close of business on 30
June 2024, a special resolution is being proposed to renew the
authority granted to the Directors to make off-market purchases of
NatWest Group ordinary shares from HM Treasury.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Directed Buyback Contract currently in place is limited to
making such off-market purchases up to a maximum of 4.99% of
NatWest Group's issued ordinary share capital from HM Treasury in
any 12 month period. If the Amended Directed Buyback Contract is
approved and entered into, this will permit purchases up to a
maximum of 15% of NatWest Group's issued ordinary share capital
from HM Treasury in any 12 month period, so long as no additional
shareholder approval would be required under the Listing
Rules.</font></div>
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<font style="color: #FF0000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
If approved, these resolutions, to make off market purchases of
NatWest Group ordinary shares from HM Treasury together with the
separate authority for NatWest Group to make on-market purchase its
own ordinary shares, will provide the Board with flexibility to
consider share buybacks.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
For the avoidance of doubt, the approval of the special resolution
to make off-market purchases of NatWest Group ordinary shares is
not conditional on the approval of the special resolution to
authorise NatWest Group to amend the Directed Buyback
Contract.&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
Authority to purchase preference shares</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
A special resolution is being proposed that will authorise NatWest
Group to make off-market purchases of the following issuances of
securities:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
(a) &#xA3;242,454 5.5 per cent. Cumulative Preference Shares of
&#xA3;1.00; and</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
(b) &#xA3;240,686 11.00 per cent. Cumulative Preference Shares of
&#xA3;1.00.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Having authority to buy back such preferences shares may provide
NatWest Group with additional flexibility in the management of its
capital base, taking into account other investment opportunities,
including the ability to replace the preference shares with other
forms of securities. The Directors intend to keep under review the
potential to buy back any or all of the preference shares. The
resolution specifies the maximum prices at which the preference
shares may be purchased.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
The Board recommends that shareholders vote in favour of all
resolutions.</font></div>
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<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Name of contact and telephone number for queries:-</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Investor Relations</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
+ 44 (0)207 672 1758</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Media Relations</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
+44 (0)131 523 4205</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Legal Entity Identifier:</font><font style="color: #000000; font-size: 16px">&#xA0;</font><font style="color: #000000">2138005O9XJIJN4JPN90</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:&#xA0;18
March 2024</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NATWEST
GROUP plc (Registrant)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By: /s/
Jan Cargill</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Jan Cargill</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Chief Governance Officer and Company Secretary</font></div>
</td>
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