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RNS Number : 8674V

Royal Bank of Scotland Group PLC

12 August 2015

The Royal Bank of Scotland Group plc

12 August 2015

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") IN ACCORDANCE WITH DTR3.1.2R AND DTR 3.1.4R

1. The Royal Bank of Scotland Group plc (the "Company") announces that ordinary shares of GBP1 each in the Company ("Shares") were delivered to the PDMRs on 12 August 2015, as set out below.

The Shares delivered represent payment of a fixed share allowance for the six month period ended 30 June 2015.

The number of Shares delivered, the number of Shares sold to meet associated tax liabilities and the number of Shares retained by each PDMR is as follows:-

 
       PDMR         No. of Shares    No. of Shares      No. of 
                      delivered      sold to satisfy     Shares 
                                       associated       retained 
                                      tax liability 
 Elaine Arden          41,691            19,625         22,066 
 Mark Bailie           140,243           66,014         74,229 
 Chris Marks           140,243           66,014         74,229 
 Leslie Matheson       79,756            37,542         42,214 
 Ross McEwan           145,012           68,259         76,753 
 Simon McNamara        87,006            40,955         46,051 
 Jonathan Pain         43,504            20,478         23,026 
 Alison Rose           87,006            40,955         46,051 
 David Stephen         90,632            42,662         47,970 
 Ewen Stevenson        116,009           54,607         61,402 
 

The market price used to determine the number of Shares delivered was GBP3.448. Shares retained after payment of associated tax liabilities are held on behalf of PDMRs in the Computershare Retained Share Nominee account and will be released in instalments over a five year retention period.

In February 2015, Mr McEwan confirmed that he did not intend to benefit from his 2015 fixed share allowance. In light of this commitment, he will transfer the net of tax shares retained to charity when they are released over the course of the five year retention period.

2. The Company also announces the vesting of 95,318 Shares to Mr McEwan arising from a conditional share award under the RBS 2010 Long Term Incentive Plan. This award was granted on 30 August 2012 on Mr McEwan's appointment as CEO of UK Retail to replace awards which he forfeited on leaving Commonwealth Bank of Australia. The award was subject to RBS performance conditions measured over a three year period to 31 December 2014.

A total of 44,867 Shares have been sold at GBP3.403 per share to meet the immediate tax liabilities arising on vesting. Mr McEwan has retained the remaining 50,451 vested Shares, which are subject to a six month retention period following vesting.

For further information contact:-

RBS Media Relations - +44(0)131 523 4205

Person responsible for making notification:-

Aileen Taylor, Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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