Dividend Declaration

THE ROYAL BANK OF SCOTLAND GROUP plc

DIVIDEND ON SERIES S NON-CUMULATIVE PREFERENCE SHARES OF US$0.01 FOR THE THREE MONTHS TO 31 MARCH 2018

The Directors have declared the specified dividends on the undernoted series of non-cumulative preference shares of US$0.01 each, all of which are represented by American Depositary Shares, for the three months to 31 March 2018. Unless otherwise resolved by the Board, these dividends will be paid on 29 March 2018 at the undernoted rate to holders on the register at the close of business on 15 March 2018.

DIVIDEND ON SERIES U NON-CUMULATIVE PREFERENCE SHARES OF US$0.01 FOR THE THREE MONTHS TO 31 MARCH 2018

The Directors have declared the specified dividends on the undernoted series of non-cumulative preference shares of US$0.01 each, all of which are represented by American Depositary Shares, for the three months to 31 March 2018. Unless otherwise resolved by the Board, these dividends will be paid on 29 March 2018 at the undernoted rate to holders on the register at the close of business on 15 March 2018.

DIVIDEND ON SERIES 3 NON-CUMULATIVE PREFERENCE SHARES OF €0.01 FOR THE THREE MONTHS TO 31 MARCH 2018

The Directors have declared the specified dividend on the undernoted series of non-cumulative preference shares of €0.01 each for the three months to 31 March 2018. Unless otherwise resolved by the Board, this dividend will be paid on 29 March 2018 at the undernoted rate to holders on the register at the close of business on 15 March 2018.

DIVIDEND ON SERIES 1 NON-CUMULATIVE PREFERENCE SHARES OF £1.00 FOR THE THREE MONTHS TO 31 MARCH 2018

The Directors have declared the specified dividend on the undernoted series of non-cumulative preference shares of £1.00 each for the three months to 31 March 2018. Unless otherwise resolved by the Board, this dividend will be paid on 29 March 2018 at the undernoted rate to holders on the register at the close of business on 15 March 2018.

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1 March 2018

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Legal Entity Identifier: 2138005O9XJIJN4JPN90