NatWest Group plc
1st 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