National Storage Mechanism | Additional information

NatWest Group plc

1^st December 2025

Notice of Redemption

NatWest Group plc (formerly known as The Royal Bank of Scotland Group plc) (the "Issuer")

The Issuer has given notice to holders of the $1,500,000,000 6.000% Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes (ISIN: US780097BQ34; CUSIP: 780097BQ3 (the "Notes")) of the upcoming redemption of the Notes on 29 December 2025. The amount of the Notes currently outstanding is $1,500,000,000.

Upon redemption of the Notes there will be a gain to Common Equity Tier 1 of approximately 5 basis points based on risk-weighted assets for the period ended September 30, 2025. This arises due to changes in foreign exchange rates since the date of issuance of the Notes.

The Notes are being redeemed pursuant to Section 3.08 of the Fourth Supplemental Indenture dated as of 29 June 2020. All of the outstanding Notes will be redeemed by the Issuer on 29 December 2025 (the "Redemption Date") at 100% of principal amount, together with accrued and unpaid interest to (but excluding) the Redemption Date and subsequently cancelled. The Issuer has notified the holders pursuant to the terms of the Notes.

To view the notice, please click on the link below.

http://www.rns-pdf.londonstockexchange.com/rns/7051J_1-2025-12-1.pdf

For further information, please contact:

Scott Forrest

Head of NatWest Treasury DCM

Tel: +44 (0)7747 455 969

Paul Pybus

Head of Debt Investor Relations

Tel: +44 (0) 7769 161 183

Legal Entity Identifier: 2138005O9XJIJN4JPN90

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