Director/PDMR Shareholding

The Royal Bank of Scotland Group plc (the "Company")

19 September 2014

NOTIFICATION OF TRANSACTIONS OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR") IN ACCORDANCE WITH DTR 3.1.2R AND DTR 3.1.4R

The Company announces that on 19 September 2014 it was notified that Christopher Sullivan, a PDMR, had sold 81,900 ordinary shares of £1 each in the Company on that date, at a price of £3.6755 per share.

For further information contact:-

Group Media Relations - +44(0)131 523 4205

Person responsible for making notification:-

Aileen Taylor, Company Secretary