Director/PDMR Shareholding

29 December 2017

The Royal Bank of Scotland Group plc

Legal Entity Identifier: 2138005O9XJIJN4JPN90

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") in accordance with Article 19 of the EU Market Abuse Regulation 596/2014

The Company was notified on 28 December 2017 that the Trustee of The Royal Bank of Scotland plc BAYE and Profit Sharing Account purchased ordinary shares of £1 in the Company ("Shares") on that date on behalf of the PDMR named below as a participant in The Royal Bank of Scotland Group plc Buy As You Earn Plan.

For further information contact:-

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

RBS Media Relations

+44(0)131 523 4205