NatWest Group plc

13 May 2026

NatWest Group plc notes rating actions by Fitch

13 May 2026

NatWest Group plc ("NWG") and its subsidiaries note the decision by the credit rating agency Fitch Ratings ("Fitch") to upgrade a number of ratings of NWG's subsidiaries on 12 May, following an update of their Bank Rating Criteria. This includes:

·      Upgrading the long-term Issuer Default Ratings (IDR) of National Westminster Bank Plc, The Royal Bank of Scotland plc, NatWest Bank Europe GmbH, NatWest Markets Plc, NatWest Market N.V. and The Royal Bank of Scotland International Limited to 'AA' from 'AA-';

·    Upgrading the long-term senior unsecured debt ratings of National Westminster Bank Plc, NatWest Bank Europe GmbH, NatWest Markets Plc, NatWest Market N.V., The Royal Bank of Scotland International Limited to 'AA' from 'AA-'.

The Outlook on all entities remains Stable.

Summary of Fitch Issuer Default Ratings:

A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal at any time by the rating agency.

For further information please contact:

NatWest Investor Relations

+44 (0) 207 672 1758

NatWest Media Relations:

+44 (0) 13 1523 420