NATWEST GROUP PLC

Owns50 of 318

• AA MERCHANT SERVICES B.V.

  Held through a subsidiaryNetherlands

• ACRE 581 LIMITED

  Held through a subsidiaryUnited Kingdom

• ACTION CORPORATE SERVICES LIMITED

  Held through a subsidiaryBritish Virgin Islands

• AD AGGREGATOR PLATFORM LIMITED

  Direct subsidiaryUnited Kingdom

• ADAM & COMPANY (NOMINEES)LIMITED

  Held through a subsidiaryUnited Kingdom

• AIRSIDE PROPERTIES AB

  Held through a subsidiarySweden

• ALCOVER AG

  Held through a subsidiarySwitzerland

• ALSECURE US PCC LIMITED

  Held through a subsidiaryGuernsey

• ARKIVBORGEN KOMMANDITBOLAG

  Held through a subsidiarySweden

• ARTUL KIINTEISTÖT OY

  Held through a subsidiaryFinland

• ATLAS NOMINEES LIMITED

  Held through a subsidiaryHong Kong SAR China

• BACKSMEDJAN KOMMANDITBOLAG

  Held through a subsidiarySweden

• BALLYMORE (LONDON ARENA) LIMITED

  Held through a subsidiaryUnited Kingdom

• BANTAM (GIBRALTAR) LIMITED

  Held through a subsidiaryGibraltar

• BD LAGERHUS AS

  Held through a subsidiaryNorway

• BIL FASTIGHETER I SVERIGE AB

  Held through a subsidiarySweden

• Bilfastighet i Märsta AB

  Held through a subsidiarySweden

• Bilfastighet Kista AB

  Held through a subsidiarySweden

• BLACKRIDGE FINANCE LTD.

  Held through a subsidiaryCayman Islands

• BORNEO (GIBRALTAR) LIMITED

  Held through a subsidiaryGibraltar

• BRAHEBERGET KOMMANDITBOLAG

  Held through a subsidiarySweden

• BRITISH OVERSEAS BANK NOMINEES LIMITED

  Held through a subsidiaryUnited Kingdom

• BRÖDMAGASINET KOMMANDITBOLAG

  Held through a subsidiarySweden

• BUSINESS GROWTH FUND PLC

  Direct subsidiaryUnited Kingdom

• CALEDONIAN SLEEPERS RAIL LEASING LIMITED

  Held through a subsidiaryUnited Kingdom

• CANDLELIGHT ACQUISITION LLC

  Held through a subsidiaryUnited States

• CARE HOMES 3 LIMITED

  Held through a subsidiaryUnited Kingdom

• CARE HOMES HOLDINGS LIMITED

  Held through a subsidiaryUnited Kingdom

• CHURCHILL LOAN ASSET SECURITISATION PROGRAMME, LLC

  Direct subsidiaryUnited States

• CITIC CAPITAL CHINA MEZZANINE FUND LIMITED

  Direct subsidiaryCayman Islands

• CLOUD ELECTRONICS HOLDINGS LIMITED

  Direct subsidiaryUnited Kingdom

• CONEWORX LTD.

  Held through a subsidiaryUnited Kingdom

• COUTTS & CO AG

  Held through a subsidiarySwitzerland

• COUTTS & CO (CAYMAN) LIMITED

  Held through a subsidiaryCayman Islands

• COUTTS & COMPANY

  Held through a subsidiaryUnited Kingdom

• COUTTS & CO TRUSTEES (SWITZERLAND) LTD

  Held through a subsidiarySwitzerland

• COUTTS FINANCE CO.

  Held through a subsidiaryUnited Kingdom

• COUTTS GENERAL PARTNER (CAYMAN) V LIMITED

  Held through a subsidiaryCayman Islands

• CTB LIMITED

  Held through a subsidiaryBahamas

• DUNFLY TRUSTEE LIMITED

  Held through a subsidiaryUnited Kingdom

• EIENDOMSSELSKAPET APTENO LARVIK AS

  Held through a subsidiaryNorway

• EQUATOR INVESTMENTS (CAYMAN) LIMITED

  Held through a subsidiaryCayman Islands

• EUROHILL 4 KOMMANDITBOLAG

  Held through a subsidiarySweden

• FASTIGHET KALLEBÄCK 2:4 I GÖTEBORG AB

  Held through a subsidiarySweden

• FASTIGHETS AB EKENÄS FORMANSHAGEN 4

  Held through a subsidiaryFinland

• FASTIGHETS AB FLÖJTEN I NORRKÖPING

  Held through a subsidiarySweden

• FASTIGHETS AB KABISTEN 1

  Held through a subsidiarySweden

• FASTIGHETSAKTIEBOLAGET SAMBIBLIOTEKET

  Held through a subsidiarySweden

• FASTIGHETSBOLAGET HOLMA I HÖÖR AB

  Held through a subsidiarySweden

• FI EQUITY PARTNERS B.V.

  Held through a subsidiaryNetherlands

Why no parent is reported

No direct parent reportedNo ultimate parent reported

No parent prepares consolidated accounts including it