RBS.L Regulatory News (RBS)

The Royal Bank of Scotland Group plc

10 November 2015

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

1. The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of £1 each in the Company ("Shares") were delivered to the PDMRs on 10 November 2015, as set out below.

The Shares delivered represent payment of a fixed share allowance for the six month period ended 31 December 2015.

The number of Shares delivered, the number of Shares sold to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-

The market price used to determine the number of Shares delivered was £3.2024. Shares retained after payment of associated tax liabilities are held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a five year retention period.

In February 2015, Mr McEwan confirmed that he did not intend to benefit from his 2015 fixed share allowance. In light of this commitment, he will transfer the net of tax Shares retained to charity when they are released over the course of the five year retention period.

2. The Company also announces that on 9 November 2015 it was notified that Elaine Arden, a PDMR, had sold 62,500 Shares on that date, at a price of £3.2277 per share.

For further information contact:-

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

Person responsible for making notification:-

Aileen Taylor, Company Secretary