National Storage Mechanism | Additional information

NatWest Group plc notes rating actions by S&P

11 September 2025

NatWest Group plc ("NWG") notes the decision by the credit rating agency Standard & Poor's Global Ratings (S&P) to

· upgrade the long-term issuer credit rating to 'A-' from 'BBB+' and affirming the A-2 Short-Term Issuer Credit Rating;

· upgrade all senior unsecured debt and regulatory capital instruments issued by NWG by one notch.

The outlook remains Stable.

Summary of S&P senior unsecured debt ratings:

	Former			New
	Long Term Rating	Outlook	Short Term Rating	Long Term Rating	Outlook	Short Term Rating
NatWest Group plc	BBB+	Stable	A-2	A-	Stable	A-2

A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time by the rating agency.

For further information please contact:

NatWest Investor Relations

+44 (0) 207 672 1758

NatWest Media Relations :

+44 (0) 13 1523 420

Legal Entity Identifier

NatWest Group plc

2138005O9XJIJN4JPN90

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