RBS.L Regulatory News (RBS)

The Royal Bank of Scotland Group plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS IN ACCORDANCE WITH DTR 3.1.4R AND DTR 3.1.2R

1. Name of the issuer

The Royal Bank of Scotland Group plc ("RBS")

2. Name of individual

Ross McEwan

3. Indicate whether the notification is in respect of a holding of the person referred to in 2 above or in respect of a non-beneficial interest

In respect of a holding of the person referred to in 2

4. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of £1.00

5. Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

Ross McEwan

6. State the nature of the transaction

Vesting of 454,106 shares arising from a conditional share award under the RBS 2010 Deferral Plan, granted on 30 August 2012 as part of the arrangements when Mr McEwan joined RBS from Commonwealth Bank of Australia.

A total of 214,019 shares have been sold to meet the immediate tax liabilities arising on vesting. Mr McEwan has retained the remaining 240,087 vested shares.

Vested shares are subject to a six month retention period following vesting.

7. Price per share or value of transaction

£3.402

8. Date of transaction

31 December 2013

9. Date issuer informed of transaction

31 December 2013

10. Name of contact and telephone number for queries

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

Name and signature of duly authorised officer of issuer responsible for making notification

Jan Cargill, Deputy Secretary

Date of notification - 31 December 2013