NatWest Group plc (formerly known as The Royal Bank of Scotland Group plc) had given notice, in accordance with Section 11.04 of the Amended and Restated Indenture dated December 13, 2017 (the "Base Indenture") as amended and supplemented by the Eleventh Supplemental Indenture dated March 2, 2023 (the "Eleventh Supplemental Indenture" and, together with the Base Indenture, the "Indenture") between NatWest Group plc (formerly known as The Royal Bank of Scotland Group plc) (the "Company") and The Bank of New York Mellon, acting through its London branch (the "Trustee"), that all of the outstanding $1,000,000,000 5.847% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2027 (the "Notes") shall be redeemed by the Company pursuant to Section 11.09 of the Indenture on March 2, 2026 (the "Redemption Date") at a Redemption Price of Notes equal to 100% of the principal amount of the Notes, together with accrued but unpaid interest, if any, on the Notes to but excluding the Redemption Date. The Redemption Price for the Notes will become due and payable on the Redemption Date. Interest on the Notes will cease to accrue on and after the Redemption Date unless the Company defaults in timely payment of the Redemption Price of the Notes in accordance with Sections 11.05 and 11.06 of the Indenture, in which case interest shall continue to accrue with respect to the Notes.
The Holders of the Notes will have the right to receive payment of the Redemption Price for the Notes upon surrender of the Notes for redemption in accordance with the applicable procedures of The Depository Trust Company.
