Form 144 Filer Information UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 144

NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

Form 144

144: Issuer Information

Name of Issuer
NatWest Group plc
SEC File Number
001-10306
Address of Issuer
Gogarburn, 175 Glasgow Road
Edinburgh
UNITED KINGDOM
EH12 1HQ
Phone
44-01316-626-3860
Name of Person for Whose Account the Securities are To Be Sold
The Commissioners of His Majesty's Treasury
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer
  1. Affiliate

144: Securities Information


RecordTitle of the Class of Securities To Be SoldName and Address of the BrokerNumber of Shares or Other Units To Be SoldAggregate Market ValueNumber of Shares or Other Units OutstandingApproximate Date of SaleName the Securities Exchange
#1Ordinary Shares
Morgan Stanley & Co. International
25 Cabot Square
London
UNITED KINGDOM
E14 4AQ
95,934,947$260,943,055.849,593,494,74604/14/2023
Exchanges outside US

144: Securities To Be Sold

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

RecordTitle of the ClassDate you AcquiredNature of Acquisition TransactionName of Person from Whom AcquiredIs this a Gift?Date Donor AcquiredAmount of Securities AcquiredDate of PaymentNature of Payment *
#1Ordinary Shares12/01/2008The Commissioners of His Majesty's Treasury acquired an 84% stake in Royal Bank of Scotland (now NatWest Group plc) as part of a series of recapitalizations designed to maintain stability at the height of the financial crisis.NatWest Group plc☐ — 45,500,000,00012/01/2008Cash


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

144: Securities Sold During The Past 3 Months

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

RecordName and Address of SellerTitle of Securities SoldDate of SaleAmount of Securities SoldGross Proceeds
#1The Commissioners of His Majesty's Treasury
1 Horse Guards Road
London
UNITED KINGDOM
SW1A 2HQ		Ordinary Shares02/23/202377,107,290$224,079,933.62

144: Remarks and Signature

Remarks
(1) The "Aggregate Market Value" of the shares to be sold is in pounds sterling (GBP) and is up to the value as of 04/13/2023. (2) The shares can be sold any time from 08/12/2021 to 08/11/2025. The date provided in "Approximate Date of Sale" (under 144: Securities Information) represents the three month period from 04/14/2023. (3) The seller acquired the shares to be sold over the period from December 2008 through December 2009. These purchases are reflected in aggregate in GBP in "Amount of Securities Acquired" (under 144: Securities To Be Sold). (4) The figure provided in "Amount of Securities Sold" and "Gross Proceeds" (under 144: Securities Sold During The Past 3 Months) does not include sales of securities made by the seller other than pursuant to Rule 144. Gross Proceeds are in GBP. (5) The date provided in "Date of Sale" (under 144: Securities Sold During the Past 3 Months) represents the range of dates from 02/23/2023 - 03/07/2023.
Date of Notice
04/14/2023

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature
/s/ Lowri Khan, Director Financial Stability, HMT

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

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