Director/PDMR Shareholding

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

9 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 9 September 2014 it was notified that David Stephen, a PDMR, had sold 45,000 ordinary shares of £1 each in the Company on that date, at a price of £3.41 per share.

For further information contact:-

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

Person responsible for making notification:-

Aileen Taylor, Company Secretary