18 November 2025
NatWest Group plc
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMRs) IN ACCORDANCE WITH ARTICLE 19 OF THE MARKET ABUSE REGULATION
1. NatWest Group plc (the Company) announces that the PDMR set out below purchased ordinary shares of £1.0769* each in the Company (Shares) (ISIN:GB00BM8PJY71) on 17 November 2025 at the price indicated:
| Name of PDMR | Position of PDMR | No. of Shares purchased | Price of Shares purchased |
| Joshua Critchley | Independent non-executive director | 16,000 | £5.9840 |
This transaction took place on the London Stock Exchange (XLON).
2. The Company announces that options to acquire Shares were granted to PDMRs on 14 November 2025 under the NatWest Group plc 2017 UK ShareSave Plan (the Plan) with an option price of £4.6688 per Share, as set out below.
| Name of PDMR | Position of PDMR | No. of options granted | Options exercisable from |
| Solange Chamberlain | CEO, Retail Banking | 781 | 18 December 2028 |
| James Holian | Chief Customer & Operations Officer | 781 | 18 December 2028 |
| Maria Kokkinou | Chief People Officer | 1,317 | 18 December 2030 |
Both Solange Chamberlain and James Holian chose a 3 year savings contract and Maria Kokkinou chose a 5 year savings contract, in accordance with the rules of the Plan.
These transactions took place outside of a trading venue.
* Note: the nominal value of ordinary shares without rounding is £1.076923076923077 per share
Legal Entity Identifier: 2138005O9XJIJN4JPN90
For further information contact:
NatWest Group Investor Relations
Claire Kane
Director of Investor Relations
+44 20 7672 1758
NatWest Group Media Relations
+44(0)131 523 4205
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