<SEC-DOCUMENT>0001654954-24-015006.txt : 20241129
<SEC-HEADER>0001654954-24-015006.hdr.sgml : 20241129
<ACCEPTANCE-DATETIME>20241129111726
ACCESSION NUMBER:		0001654954-24-015006
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241129
FILED AS OF DATE:		20241129
DATE AS OF CHANGE:		20241129

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:		241514043

	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>a1687o.htm
<DESCRIPTION>BATCH FILING
<TEXT>
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FORM 6-K</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20549</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Report
of Foreign Private Issuer</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Pursuant
to Rule 13a-16 or 15d-16 of</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">the
Securities Exchange Act of 1934</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">For
November 2024</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">Commission
File Number: 001-10306</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">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">NatWest
Group plc</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">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Gogarburn,
PO Box 1000</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Edinburgh
EH12 1HQ</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="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">________________________________________________</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Address of
principal executive offices)</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="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<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>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">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>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 14px; text-indent: 0px">
<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">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">If
&#x201C;Yes&#x201D; is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82-
_____</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="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">This
report on Form 6-K, except for any information contained on any
websites linked in this report, shall be deemed incorporated by
reference into the company's Registration Statement on Form F-3
(File No. 333-261837) and to be a part thereof from the date which
it was filed, to the extent not superseded by documents or reports
subsequently filed or furnished.</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="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: top; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
No. 1</font></div>
</td>
<td style="vertical-align: top; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="font-family: Times New Roman; font-size: 13px">Off-Market Purchase
of Ordinary Shares from HMT dated 11 November 2024<br>
<br></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 5%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
No. 2</font></div>
</td>
<td style="vertical-align: top; width: 90%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="font-family: Times New Roman; font-size: 13px">Q3 2024
Pillar 3 dated 12 November 2024</font></div>
</td>
</tr></table>
</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="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">Exhibit
No. 1</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-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
NatWest Group plc</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
11 November 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="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Off-market purchase of 262,605,042 ordinary shares from His
Majesty's Treasury ("HM Treasury")</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">
NatWest Group plc (the "Company") has agreed with HM Treasury to
make an off-market purchase (the "Off-Market Purchase") of
262,605,042 ordinary shares in the Company with a nominal value
of&#xA0;&#xA3;1.0769*&#xA0;each ("Ordinary Shares") at a price of
380.8 pence per Ordinary Share, being the closing price of the
Ordinary Shares on the London Stock Exchange on 8 November 2024.
&#xA0;The total consideration for the Off-Market Purchase will be
&#xA3;1 billion.&#xA0;</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">
Paul Thwaite, CEO of NatWest Group commented:</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">
"</font><font style="font-style: italic; color: #000000">As a
result of NatWest Group's continued strong performance, we are
pleased to have today completed our second buy back of government
shares of 2024, further reducing HM Treasury's
shareholding.</font></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="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #000000">
This transaction represents another important
milestone</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">on</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">the</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">path to full
privatisation.</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">We believe it is a positive
use of capital for the bank and for our shareholders
and</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">we are pleased with the
sustained momentum in reducing HM Treasury's stake
in</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">NatWest
Group</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #000000">throughout this
year."</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="color: #000000; font-family: Times New Roman; font-size: 13px">
The purchased Ordinary Shares represent 3.16 per cent of the
Company's issued Ordinary Share capital (excluding treasury
shares). The Off-Market Purchase is expected to settle on 13
November 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">
A contract (the "Directed Buyback Contract") between the Company
and HM Treasury was approved by the shareholders of the Company at
a General Meeting held on 6 February 2019 and signed on 7 February
2019. Amendments to the Directed Buyback Contract were approved by
the shareholders of the Company at a General Meeting held on 25
August 2022 and signed on 17 November 2022 and at the Annual
General Meeting held on 23 April 2024 (the "2024 AGM") and signed
on 7 May 2024. &#xA0;The authority from shareholders to make
off-market purchases of Ordinary Shares from HM Treasury (or its
nominee) under the terms of the Directed Buyback Contract was
renewed at the 2024 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">
The Company intends to cancel all&#xA0;of the purchased Ordinary
Shares.</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">
HM Treasury is a related party to&#xA0;the Company&#xA0;and the
Off-Market Purchase, when aggregated&#xA0;with&#xA0;the other
transactions referred&#xA0;to&#xA0;in this announcement,
constitutes a related party transaction under UK Listing Rule
8.2.1R&#xA0;and this announcement is therefore&#xA0;being&#xA0;made
in accordance with&#xA0;that rule. Pursuant to the changes to the
Listing Rules which came into effect on 29 July 2024,&#xA0;the
Board of the Company (the "Board") confirms its view that the
Off-Market Purchase is fair and reasonable as far as the
shareholders of the Company are concerned and that the Board has
been so advised by&#xA0;Merrill Lynch International, a sponsor to
the Company.</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">
The following transactions or arrangements between the Company and
HM Treasury have taken place in the last 12 months and were related
party transactions for the purposes of UK Listing Rule
8.2.1R.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: top; width: 50%; border-left: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Description</font></div>
</td>
<td style="vertical-align: top; width: 50%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-top: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Value</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">Off-market purchase by the Company of shares from
HM Treasury, as announced on 31 May 2024&#xA0;</font><font style="color: #0000FF">Off-Market Purchase of Ordinary Shares from HMT
(investis.com)</font></font></div>
</td>
<td style="vertical-align: top; width: 50%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA3;1,240,921,312.75</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%; border-left: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Agreement
for the Company to cover costs incurred and to be incurred by HM
Treasury and UK Government Investments on behalf of HM Treasury in
connection with HM Treasury's holding of Ordinary Shares in the
Company and its disposal of such shares</font></div>
</td>
<td style="vertical-align: top; width: 50%; border-left: 0.5pt solid #000000; border-right: 0.5pt solid #000000; border-bottom: 2px solid #000000">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px; padding-bottom: 8px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Up
to &#xA3;19,000,000</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; 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: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Upon settlement of the above transaction:</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;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: -24px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
the Company will hold&#xA0;287,667,803&#xA0;of its Ordinary Shares
as treasury shares;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: -24px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;&#xA0;the
Company will have in issue 8,043,477,072 Ordinary Shares (excluding
treasury shares) and 483,140 Cumulative Preference Shares of
&#xA3;1; and</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: -24px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">-&#xA0;&#xA0;
HM Treasury will hold approximately&#xA0;12.03**&#xA0;per cent. of
the Company's voting rights.</font></div>
<div style="text-align: justify; margin-left: 48px; 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="color: #000000; font-family: Times New Roman; font-size: 13px">
The Company continues to target a CET1 ratio in the range of
13-14%.</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: #111111; font-family: Times New Roman; font-size: 13px">
*The nominal value of Ordinary Shares without rounding is
&#xA3;1.076923076923077 per share</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
** This number is based on the Company's most recent TR-1
notification of major shareholdings on 31 October 2024 in respect
of HM Treasury's shareholding notification dated 30 October 2024
and does not take into account any sales executed by HM Treasury
since the notification date.</font></div>
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Further information:</font></div>
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Investor Relations</font></div>
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Media Relations</font></div>
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+44 (0)131 523 4205</font></div>
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Forward-looking statements</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">
This document may include forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, such as statements that include, without limitation,
the words 'deliver', 'ambition', 'expect', 'estimate', 'project',
'anticipate', 'commit', 'believe', 'should', 'intend', 'will',
'plan', 'could', 'probability', 'risk', 'target', 'goal',
'objective', 'may', 'endeavour', 'outlook', 'optimistic',
'prospects' and similar expressions or variations on these
expressions. These statements concern or may affect future matters,
such as NatWest Group's future economic results, business plans and
strategies. In particular, this document may include
forward-looking statements relating to NatWest Group plc in respect
of, but not limited to: its outlook, guidance and targets
(including in relation to RoTE, income, operating costs, loan
impairment rate, CET1 ratio, RWA levels, payment of dividends and
participation in directed buybacks), its expectations in relation
to the Off-Market Purchase settlement date and its intentions in
respect of the Ordinary Shares&#xA0;&#xA0;(including the number of
outstanding Ordinary Shares, and their reissuance or cancellation),
its economic and political risks, its financial position,
profitability and financial performance, the implementation of its
strategy, and HMT's voting rights percentage. Forward-looking
statements are subject to a number of risks and uncertainties that
might cause actual results and performance to differ materially
from any expected future results or performance expressed or
implied by the forward-looking statements. Factors that could cause
or contribute to differences in current expectations include, but
are not limited to, future growth initiatives (including
acquisitions, joint ventures and strategic partnerships), the
outcome of legal, regulatory and governmental actions and
investigations, the level and extent of future impairments and
write-downs, legislative, political, fiscal and regulatory
developments, accounting standards, competitive conditions,
technological developments, interest and exchange rate
fluctuations, general economic and political conditions and
uncertainties (such as the direct and indirect impacts of
escalating armed conflicts) and the impact of climate-related risks
and the transitioning to a net zero economy. These and other
factors, risks and uncertainties that may impact any
forward-looking statement or NatWest Group plc's actual results are
discussed in NatWest Group plc's 2023 Annual Report on Form 20-F,
NatWest Group plc's Interim Management Statement for Q1, Q3 and H1
2024 on Form 6-K, and its other public filings. The forward-looking
statements contained in this document speak only as of the date of
this document and NatWest Group plc does not assume or undertake
any obligation or responsibility to update any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to
the extent legally required.</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">Exhibit
No. 2</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="color: #333333; font-family: Times New Roman; font-size: 13px">
NatWest Group plc</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
12 November 2024</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #333333; font-family: Times New Roman; font-size: 13px">
Q3 2024 Pillar 3</font></div>
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<font style="font-weight: bold; color: #333333; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
NatWest Group plc today announces the publication of the Q3 2024
Pillar 3 documents for the following large subsidiaries
-</font></div>
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
NatWest Holdings Limited</font></div>
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
NatWest Markets Plc</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
National Westminster Bank Plc</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
The Royal Bank of Scotland plc</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
The Royal Bank of Scotland International Limited</font></div>
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
Coutts &amp; Company</font></div>
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
The Q3 2024 Pillar 3 documents are available on the NatWest Group
plc website at</font></div>
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<font style="text-decoration: underline; color: #0000FF; font-family: Times New Roman; font-size: 13px">
https://investors.natwestgroup.com/reports-archive</font></div>
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For further information, please contact</font></div>
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<font style="color: #333333; font-family: Times New Roman; font-size: 13px">
Investor.relations@natwest.com</font></div>
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NatWest Group Press Office</font></div>
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+44 131 523 4205</font></div>
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LEI:</font></div>
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2138005O9XJIJN4JPN90 - NatWest Group plc</font></div>
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213800GDQMMREYFLQ454 - NatWest Holdings Limited</font></div>
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RR3QWICWWIPCS8A4S074 - NatWest Markets Plc</font></div>
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213800IBT39XQ9C4CP71 - National</font><font style="color: #000000">&#xA0;</font><font style="color: #333333">Westminster Bank Plc</font></font></div>
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549300WHU4EIHRP28H10 - The Royal</font><font style="color: #000000">&#xA0;</font><font style="color: #333333">Bank of
Scotland plc</font></font></div>
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21380078CCZSEEIIKA41 - The Royal Bank of Scotland International
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Signatures</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NATWEST
GROUP plc (Registrant)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date:</font></div>
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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">29
November 2024</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
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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">Name:</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">Mark
Stevens</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Title:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Assistant
Secretary</font></div>
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