Director/PDMR Shareholding

31 May 2018

The Royal Bank of Scotland Group plc

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

The Company was notified on 29 May 2018 that the trustee of The Royal Bank of Scotland Group plc Buy As You Earn Share Plan (the "Plan") purchased ordinary shares of £1 each in the Company ("Shares") (ISIN: GB00B7T77214) on that date on behalf of the PDMR named below as a participant in the Plan.

The transaction took place on the London Stock Exchange (XLON).

For further information contact:-

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

RBS Media Relations

+44(0)131 523 4205

Legal Entity Identifier:

The Royal Bank of Scotland Group plc - 2138005O9XJIJN4JPN90

NatWest Markets Plc - RR3QWICWWIPCS8A4S074