16 November 2018

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014

1.   The Royal Bank of Scotland Group plc (the "Company") announces that an option to acquire 1901 ordinary shares of £1 each in the Company ("Shares") (ISIN: GB00B7T77214) was granted on 15 November 2018 under The Royal Bank of Scotland Group plc 2017 ShareSave Plan ("Plan"), at the option price of £1.8931 per Share, to Helen Cook, PDMR and Chief HR Officer.

Subject to the rules of the Plan, the option will become exercisable from 18 December 2021.   This transaction took place outside of a trading venue.

2.   The Company announces that Yasmin Jetha, PDMR and Non-executive Director, NatWest Holdings Limited, acquired 145 Shares following reinvestment of the interim dividend for 2018 paid by the Company.  The Shares were acquired on 13 November 2018 at a price of £2.4605 per share.  The transaction took place on the London Stock Exchange (XLON).

For further information contact:-

RBS Investor Relations
Alexander Holcroft
Head of Equity Investor Relations
+44 20 7672 1758

RBS Media Relations  

+44(0)131 523 4205