Transaction in Own Shares

NatWest Group plc

12 March 2024

Transaction in Own Shares

NatWest Group plc (the 'Company') announces today that it has purchased the following number of ordinary shares in the Company with a nominal value of £1.0769* each ('Ordinary Shares') from UBS AG, London Branch ('UBS') across two transactions, Transaction 1 and Transaction 2 (together the 'Transactions').

The purchases form part of the Company's existing share buyback programmes, with Transaction 1 purchases effected pursuant to the instructions issued by the Company to UBS on 28 July 2023, as announced on 31 July 2023 and Transaction 2 purchases effected pursuant to the instructions issued by the Company to UBS on 16 February 2024, as announced on 19 February 2024.

Aggregated information relating to the Transactions is set out in the tables below.

Transaction 1:

Date of purchase

Number of Ordinary Shares purchased

Highest price paid: (GBp)

Lowest price paid: (GBp)

Volume weighted average price paid per share (GBp)

Venue

12 March 2024

0

0.00

0.00

0.0000

LSE

12 March 2024

0

0.00

0.00

0.0000

CHIX

12 March 2024

0

0.00

0.00

0.0000

BATE

Transaction 2:

Date of purchase

Number of Ordinary Shares purchased

Highest price paid: (GBp)

Lowest price paid: (GBp)

Volume weighted average price paid per share (GBp)

Venue

12 March 2024

3,596

251.00

250.60

250.7843

LSE

12 March 2024

671

250.50

250.50

250.5000

CHIX

12 March 2024

2,527

251.10

251.10

251.1000

BATE

* Note: the nominal value of Ordinary Shares without rounding is £1.076923076923077 per share

The Company intends to cancel all of the Ordinary Shares repurchased under the Transactions. Following the settlement of the transactions, the Company will hold 152,092,047 Ordinary Shares in treasury and have 8,772,669,269 Ordinary Shares in issue (excluding treasury shares).

Further information:

Investor Relations

+ 44 (0)207 672 1758

Media Relations

+44 (0)131 523 4205

Legal Entity Identifier: 2138005O9XJIJN4JPN90

Details of the Transactions

In accordance with Article 5(1)(b) of Regulation (EU) No.596/2014 as it applies in the UK (Market Abuse Regulation), a full breakdown of the individual trades made by UBS on behalf of the Company as part of the buyback programmes relating to the Transactions is detailed below:

Transaction 2:

Transaction Date

Time

Time Zone

Volume (shares)

Price (GBp)

Trading Venue

MatchID

12 March 2024

08:00:16

BST

2527

251.10

BATE

1350776

12 March 2024

08:01:01

BST

671

250.50

CHIX

1353954

12 March 2024

08:00:16

BST

818

250.80

LSE

1350884

12 March 2024

08:00:19

BST

383

250.60

LSE

1351128

12 March 2024

08:00:19

BST

754

250.70

LSE

1351101

12 March 2024

08:00:22

BST

433

250.60

LSE

1351621

12 March 2024

08:00:28

BST

198

250.70

LSE

1352671

12 March 2024

08:00:53

BST

1010

251.00

LSE

1353525