RBS interim Legal Entity Transfers as at 1 st January 2017

The Royal of These transfers, the first of a number of planned Scotland Group plc moves, form part of RBS’ ongoing restructuring plans to ensure it complies with the legal and The Royal Bank of regulatory requirements to ring-fence its retail and Scotland plc SME banking services from its investment banking operations by 1 January 2019 . RBSG The Royal Bank of NatWest RBS Asset KUC Holdings International Scotland Holdings Management Limited Holdings International Limited Limited Limited (Holdings) Limited The Royal National International Adam & Company (Ireland) Holdings Limited Group PLC Unlimited Company Plc

Isle of Man Bank Limited Adam & Company Ulster Bank Adam & Company Investment Holdings (ROI) PLC Management Limited The Royal Bank of Limited Scotland Group Bank Independent (Nominees) Limited Financial Services Limited Ulster Bank Ireland NatWest Group Strand Ulster Bank Lombard North & DAC Holdings European National Limited Central PLC Company Corporation Holdings AB RBSG Collective Westminster Bank Investments Nominees (Jersey) Holdings Limited Limited

RBS Holdings Nordisk Renting Coutts Finance USA Inc. AB Company KUC Properties Limited

RBS Securities RBS Invoice Inc. Finance (Holdings) Limited Key

Entities moved on 1/1/17

Other entities • Not all of The Group legal entities have been included. For the full structure refer to the Annual Report. • RBS’s ongoing ring-fencing planning remains subject to regulatory, Board and other approvals as well as employee information and consultation procedures.