You’ve got 6 months from your maturity date to decide what to do. The expiry date is the last day you can choose buy shares at the option price.

If you joined the 2017 (5 year) plan and/or the 2019 (3 year) plan, and you’ve not missed any payments, your expiry date is 18 June 2023. As Sunday 18 June is a non-trading day, you’ll have to place your instruction by 4pm (UK time) on Friday 16 June 2023.

Any instructions placed after this time will be too late, and you’ll not be able to buy shares, you’ll only be able to have your cash returned to you. This won’t happen automatically – you’ll need to log in to your EquatePlus account to request your cash.

For both 2017 (5 year plan) and 2019 (3 year plan) you’re able to choose to buy (and sell) shares from Sunday 18 December. However, to ensure that your sale instruction is processed on the next available trading day (Monday 19 December), we’re offering the opportunity to place an advanced sale instruction. This means that from Monday 12 December you can visit EquatePlus and place an instruction to sell shares on Monday 19 December. If you want your instruction to be processed on Monday 19 December, you must place your instruction by 11pm on Wednesday 14 December.

Bonuses on ShareSave plans are essentially an interest payment on your savings while they’re in the plan. In Ireland they’re set by the Revenue Commissioners.

There is no bonus on the Irish 2019 plan.

On the Irish 2017 plan there’s a bonus of 1.62 times your monthly contribution, provided you have made all monthly contributions and don’t take your savings back before 18 December. There is a further bonus of 2.39 times your monthly contribution if you choose not to exercise your option and buy shares, and instead leave your savings for a further two years.

If you take your savings back before the maturity date, no bonus will be paid.

When you joined ShareSave, we told you the maximum number of shares you can buy. But the actual number can differ, because your savings are in euros and the option price is fixed in sterling.

• If the euro has strengthened against sterling, you’ll be able to buy the full number of shares and receive any excess savings as cash.
• If the euro has weakened against sterling, you’ll only be able to buy a portion of the maximum number of shares.

When you make your choice, your total savings plus any bonus (in euros) will be converted to sterling at that day’s exchange rate. This sterling amount divided by the option price will determine the actual number of shares you can buy.

Your ShareSave option gives you the right to buy a set number of NatWest Group shares when the plan ends. The price is set shortly before you start saving.

If the current share price is higher than the option price, you’ll make a profit if you choose to buy shares at the option price and sell them. If the share price is lower than the option price, you’ll be better off taking your savings back as cash.

You need to make all the monthly payments before your ShareSave is finished. This means 36 payments for a 3-year plan and 60 for a 5-year plan.

So if you’ve taken a payment holiday, this will delay your maturity date. But as long as you keep making the monthly payments, you’ll still be able to buy shares at the option price at the end of your savings period.

Buying shares:
You don’t usually need permission or pre-approval to buy shares at the end of ShareSave, provided you don’t sell them straight away.

If you’re an insider, you can’t do this in the 30 days before we announce annual or half-year results to the market. Our next annual results are due to be announced on 17 February 2023 and half-year results on 28 July 2023.

Selling shares:
Selling shares at any time is subject to the Personal Account Dealing (PAD) policy.

If you’re an insider or are involved in a material project, or if you work for NatWest Markets, you’ll need to get pre-approval from your line manager and on the PAD system for any sale.

If these restrictions apply to you, you’ll have been sent an email to tell you. If you’re not sure, you can ask your line manager or contact the PAD team.

If you decide to buy shares and you don’t sell them all, your shares will be held in an online account with EquatePlus.

We process Irish ShareSave instructions weekly, on a date we call the ‘allotment date’. To have your instruction processed on the next allotment date, you’ll need to submit it by 11pm on the cut-off date, which is usually three working days beforehand.

The cut-off dates and allotment dates for December 2022 are:

ShareSave 2017 (5 year plan) & ShareSave 2019 (3 year plan)

Cut-off date (11pm – UK time)	14 December	19 December	28 December
Allotment date	19 December	22 December	3 January

From 9 January 2023, the cut-off date will be Monday at 11pm (UK time) and the allotment date will be Thursday each week (subject to bank holidays).

How long your instruction takes to be processed after the allotment date depends on what choice you have made.

• If you choose to buy shares and keep them, they’ll usually be in your EquatePlus account within 2 working days.
• If you choose to buy shares and sell all of them straight away, you’ll usually receive your money 5-8 days afterwards. The festive bank holidays might mean this takes a little longer.
• If you choose to take your savings back as cash, the money will usually be in your bank account 2-5 working days after you make your choice.

Income tax:
Your monthly contributions were taken from your pay after tax. There is no income tax to pay if you use your option to buy shares at the end of the savings period.

Social Welfare payments:
If you use your option to buy shares at the end of the savings period, you’ll need to pay Universal Social Charge (USC) and Pay Related Social Insurance (PRSI). These will be based on the difference between the option price and the market value of the shares.

If you’re a current employee, we’ll deduct USC and PRSI from your salary. If you’re a former employee, you’ll need to pay these via your tax return.

Capital Gains Tax:
There may be Capital Gains Tax to pay if you sell your shares, although this will depend on your own individual circumstances.

If you’re not sure about tax, we suggest speaking to a tax adviser. If you’re in Jersey, Guernsey, Gibraltar, or Isle of Man, you should read the offshore tax note on EquatePlus.

If you’ve been on an International Assignment since the start of ShareSave, you might have a different tax liability if you sell your shares.

You can transfer your shares to your spouse or civil partner as a gift.

• You can ask your colleagues questions via our ShareSave workplace group.
• You can find out more about our share price and company performance on the investor relations section of our website.
• You can find out more about being a shareholder here.

ShareSave 2017 & 2019 - provided we have received your valid instruction by 11pm (UK time) on Wednesday 14 December 2022 we will aim to exercise your instruction and if you wish, sell your shares on Monday 19 December 2022.

Thereafter, processing will be carried out on a weekly basis and provided we have received your valid instruction by 11pm (UK time) on a Monday (the “Weekly Cut-Off Point”) we will aim to exercise your instruction on the fourth Business Day following such day.

ShareSave 2017 & 2019 - there will be a final Trade Date on Thursday 15 June 2023. To exercise your Option and if you wish, sell your Shares on the final Trade Date, we must receive your valid instruction by 11pm (UK time) on Monday 12 June 2023.

You may have the right to exercise your Option and, if you wish, sell your Shares after this final Trade Date if you have missed a contribution or contributions into your Savings Account.

For any such instructions accepted after the final processing day, provided we have received your valid instruction by 11pm (UK time) on a Monday, we will aim to exercise your instruction on the fourth Business Day following such day.

If the Weekly Cut-Off Point falls on a UK Public Holiday, the Weekly Cut-Off Point will be delayed until 11pm (UK time) on the next available Business Day (the “Delayed Weekly Cut-Off Point”) and we will aim to exercise your instruction on the fourth Business Day following the Delayed Weekly Cut-Off Point.

Visit EquatePlus for full information regarding the amount you have saved and the number of shares you can purchase at the Option Price.

As the share price can go down as well as up, it is important that you make yourself aware of the current market price of NWG shares when deciding whether or not to exercise your option. If you are in any doubt, please consult an independent financial adviser.

We wrote this content as a guide to your choices at the end of your ShareSave plan. It’s not a comprehensive guide to all of the plan rules.

Your participation, or right to participate, in the plan is governed by these rules and doesn’t affect, or form part of, your contract of employment. The rules include specific provisions limiting your rights under the plan.

You have no right to compensation or damages for any loss of rights, benefits, or prospective benefits under the plan if your employment is terminated. There is no guarantee that we’ll offer a ShareSave plan every year, or that if we do offer one, you’ll be able to take part.

We may amend, suspend, or terminate all or part of a plan at any time, but only in accordance with the plan’s rules.

Where we’ve talked about tax, we’ve based this on the rates and rules at the time. These are for guidance only and can change in the future. Any tax you need to pay will depend on your own individual circumstances.

In the case of any conflict between this content and the rules of the plan, the rules apply.

Further information on NatWest Group and details of the rights attached to the shares can be found in the Investor relations section of our website. Certain information is provided in this document in order for this offer and any subsequent admission of shares to trading to fall within Article 1(4)(i) and 1(5)(h) of the UK Prospectus Regulation which exempt NatWest Group from producing a prospectus under that directive.

If you pay tax in the US, you should bear in mind that you might need to pay tax under the ‘deferred compensation' rules. US taxpayers are strongly advised to seek their own tax advice from an independent US tax adviser before they decide to participate in ShareSave.

We wrote the content on this site to help you make your choice, but it’s not advice, or a recommendation to buy, sell or hold NatWest Group shares.

The value of shares can fall as well as rise, so you could get back less than you invest. Dividends aren’t guaranteed.

If you’re not sure what to do, or have any doubts about your tax position, we suggest you speak to a financial adviser.

NatWest Group plc
Registered in Scotland No 45551
Registered Office: 36 St Andrew Square
Edinburgh EH2 2YB