RBS.L Regulatory News (RBS)

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

19 May 2014

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

The Company announces that a conditional award over ordinary shares of £1 in the Company ("Shares") has been granted under the RBS 2010 Long Term Incentive Plan on 19 May 2014 to the PDMR set out below.

The market price per Share used on the grant of the award was £3.27.

The award is eligible to vest between March 2015 and March 2017 and is subject to clawback provisions. Vested Shares retained after payment of relevant tax liabilities will be subject to a further six month retention period.

For further information contact:-

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

Person responsible for making notification:-

Aileen Taylor, Company Secretary