Declaration of Dividend for 2019

2019 RNS:

Ulster Bank Ireland DAC

17 December 2019

Ulster Bank Ireland DAC

Declaration of Dividend for 2019

The Board of Ulster Bank Ireland DAC (UBIDAC) has declared its intention to pay a dividend of EUR 500,000,000 on December 17th 2019 to its parent company NatWest Holdings Limited.

Post dividend UBIDAC will have a CET1 ratio of 27%. UBIDAC remains in a strong capital position following payment of the dividend, significantly above regulatory capital minimums.

Ulster Bank Company Secretary, Andy Nicholson - +353 87 160 7124

Ulster Bank Media Relations, Pauline Dooley - +353 87 773 9750

Notes

Forward Looking Statements

This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to UBIDAC's regulatory capital position under certain specified scenarios. In addition, forward-looking statements may include, without limitation, statements typically containing words such as "intends", "expects", "anticipates", "targets", "plans", "estimates" and words of similar import. These statements concern or may affect future matters, such as UBIDAC and its ultimate parent The Royal Bank of Scotland Group plc's (RBS) future economic results, business plans and current strategies. Forward-looking statements are subject to a number of risks and uncertainties that might cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statements. Factors that could cause or contribute to differences in current expectations include, but are not limited to, legislative, fiscal and regulatory developments, competitive conditions, technological developments, exchange rate fluctuations and general economic conditions. These and other factors, risks and uncertainties that may impact any forward-looking statement or the RBS's actual results are discussed in RBS's Annual Report and materials filed with, or furnished to, the US Securities and Exchange Commission, including, but not limited to, RBS's Reports on Form 6-K, including its IMS, and most recent Annual Report on Form 20-F. The forward-looking statements contained in this announcement speak only as of the date of this announcement and neither UBIDAC nor RBS neither assumes nor undertakes any obligation or responsibility to update any of the forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, except to the extent legally required.

 This announcement has been issued through the Companies Announcement Service of Euronext Dublin.