31 October 2019
The Royal Bank of Scotland Group plc
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 the PDMRs set out below have purchased ordinary shares of £1 each in the Company ("Shares") (ISIN: GB00B7T77214) on the date and at the prices indicated:-
| Name of PDMR | Position of PDMR | No. of Shares purchased | Purchase price | Date of transaction |
| Howard Davies
| Chairman | 20,000 | £2.194 | 30 October 2019
|
| Mark Seligman[1]
| Non-executive director | 10,000 | £2.1369 | 31 October 2019 |
| Lena Wilson
| Non-executive director | 14,000 | £2.124 | 30 October 2019 |
[1]M Seligman & Co Limited purchased and own Shares in the Company on behalf of Mark Seligman who is the beneficial owner of the Shares.
2. The Company announces that the trustee of the Company's Buy As You Earn Share Plan (the "Plan") purchased Shares in the Company on behalf of the PDMRs named below as participants in the Plan on the date and at the price indicated:-
| Name of PDMR
| Position of PDMR | No. of Shares purchased | Purchase price | Date of transaction |
| Chris Marks
| CEO NatWest Markets Plc | 67 | £ 2.233 | 28 October 2019 |
| Katie Murray
| Chief Financial Officer | 67 | £ 2.233 | 28 October 2019 |
3. The Company announces that the PDMR set out below has sold Shares in the Company on the date and at the price indicated:-
| Name of PDMR | Position of PDMR | No. of Shares sold | Price of Shares sold | Date of transaction |
| Andrew McLaughlin | CEO RBS International
| 225,000 | £2.247 | 28 October 2019 |
All transactions took place on the London Stock Exchange (XLON).
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:-
RBSG Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758
RBSG Media Relations
+44(0)131 523 4205