Notice of Redemption

Notice of Redemption

NatWest Markets Plc (formerly known as The Royal Bank of Scotland plc) (the "Issuer") 

The holders of the £600,000,000 Fixed Rate Undated Subordinated Notes (ISIN: XS0206633082 (the "Notes")) have been notified by the Issuer of the upcoming redemption of the Notes on 3 December 2019. The amount of the Notes currently outstanding is £34,928,000.

Terms used but not defined herein shall have the meaning given to them in the notice of redemption. The Notes are being redeemed pursuant to Condition 5(c) (Call Option - Redemption at the Option of the Issuer) of the Notes at par, together with interest accrued to the Redemption Date and all Arrears of Interest. 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/4329Q_1-2019-10-18.pdf

For further information, please contact:

Anthony Everill

Head of Capital Markets & Funding, NatWest Markets

Tel: +44 (0) 203 361 7679

Legal Entity Identifier: RR3QWICWWIPCS8A4S074