Update on transfer of Ulster Bank Limited business

NatWest Group plc

4 May 2021

NatWest Group plc ("NatWest Group") announced on 12 November 2020 that it proposed to simplify the way it conducts business in Northern Ireland by transferring the major part of the banking business of Ulster Bank Limited ("Ulster Bank"), a legal entity incorporated and operating in Northern Ireland, to National Westminster Bank Plc ("NatWest Bank") under a banking business transfer scheme pursuant to Part VII of the Financial Services and Markets Act 2000 (the "Scheme"). NatWest Group is pleased to announce that the Scheme was effected on 3 May 2021.

Note: Ulster Bank Limited which operates in Northern Ireland is a separate and distinct legal entity from Ulster Bank Ireland Designated Activity Company which is incorporated in and provides banking services to individuals, companies and institutions in the Republic of Ireland.

For Further Information contact:

NatWest Group Investor Relations

Alexander Holcroft
Head of Investor Relations
+44 20 7672 1758

NatWest Group Media Relations  

+44(0)131 523 4205