RBS.L Regulatory News (RBS)

27 February 2017

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

INITIAL NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596

The Royal Bank of Scotland Group plc (the "Company") announces that it was notified on 27 February 2017 that Ewen Stevenson purchased 30,000 ordinary shares of £1 each in the Company ("Shares") (ISIN: GB00B7T77214) on that date. The purchase price of the Shares was £2.342. The transaction took place on the London Stock Exchange (XLON).

Person responsible for making notification:-

Aileen Taylor, Company Secretary

For further information contact:-

RBS Investor RelationsAlexander HolcroftHead of Equity Investor Relations+44 20 7672 1758

RBS Media Relations

+44(0)131 523 4205

For further information contact:-

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