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NatWest Group Q3 2026 Interim Management Statement natwestgroup.com

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 1 Inside this report Business performance summary 2 Q3 2026 performance summary 3 Performance key metrics and ratios 5 Chief Financial Officer’s review 7 Retail Banking 8 Private Banking & Wealth Management 9 Commercial & Institutional 10 Central items & other 11 Segment performance Capital and risk management 16 Capital, liquidity and funding risk 22 Credit risk 22 Segment analysis – portfolio summary 22 Segment analysis – loans 23 Movement in ECL provision 23 ECL post model adjustments 24 Sector analysis – portfolio summary Financial statements and notes 29 Condensed consolidated income statement 30 Condensed consolidated statement of comprehensive income 31 Condensed consolidated balance sheet 32 Condensed consolidated statement of changes in equity 34 Presentation of condensed consolidated financial statements 34 Litigation and regulatory matters 34 Post balance sheet events Additional information 35 Presentation of information 35 Statutory accounts 35 Contacts 36 Forward-looking statements 37 Non-IFRS financial measures 42 Performance measures not defined under IFRS

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 2 Q3 2026 performance summary Chief Executive, Paul Thwaite, commented: “NatWest Group has delivered another strong performance in the third quarter of 2026, underpinned by the activity of more than 20 million customers and the significant role we play in supporting economic growth across the UK. As we help more customers to save and invest, buy a home or expand their businesses, we continue to see broad-based growth in our three customer franchises, with lending, deposits and assets under management all increasing during the quarter. Our strategy is consistently delivering sector-leading growth and returns, with a Return on Tangible Equity of 20.2% for the year to date, supported by greater income diversification, disciplined cost management and strong capital generation. We are confident in the strengths we’ve created and in the opportunities we see ahead, as we continue to invest in our capabilities, deepen customer relationships and support growth across the UK.” Strong financial performance We delivered a strong financial performance in Q3 2026, with attributable profit of £1.5 billion and Return on Tangible Equity (RoTE) of 21.6%. Capital generation pre- distributions was 71 basis points and earnings per share was 19.3 pence. Deeper customer relationships are driving growth We continue to grow each of our three customer businesses and are investing to serve customers better. That progress is reflected in strong returns, deeper relationships and sustained growth in customer assets and liabilities (CAL). •CAL was £1,002.6 billion, up £15.7 billion, or 1.6%, in the quarter and £42.3 billion, or 4.4%, year to date (including Evelyn Partners)(1). •In Retail Banking, CAL grew by £4.6 billion in the quarter, with mortgages up £1.2 billion and deposits up £3.1 billion, while 36,000 customers have connected £6.2 billion of mortgage balances through our Mortgage Elsewhere Hub; our new insurance partnership has generated more than 10,000 policies to date; and we have launched Sainsbury’s-branded loans and savings. We have now exceeded our 2026 first-time buyer lending target, delivering more than £10 billion in lending. •In Private Banking & Wealth Management, the integration of Evelyn Partners is progressing well, with both businesses growing. We delivered £1.0 billion of AUM net inflows in the quarter, equivalent to 3.4% of opening balances on an annualised basis, and a record Coutts mobile NPS of +57. We also launched investment-backed lending in our app for eligible clients, making it easier for them to meet more of their needs digitally. •In Commercial & Institutional, net loans to customers grew by £6.7 billion and customer deposits by £3.0 billion in the quarter, primarily reflecting growth across Corporate & Institutions and Commercial Mid-market. We continued to support sectors fundamental to the UK economy, including more than £2.8 billion committed to social housing(2). By growing our start-up customer base with 8% higher customer account openings year on year and expanding our Accelerator network we continue to support entrepreneurs across the UK. Simplifying the bank to serve customers better and drive efficiency We are making NatWest Group simpler and more productive, while improving how we serve customers. The cost:income ratio (excl. litigation and conduct) was 45.7% for the year to date, 2.1 percentage points lower than last year supported by gross cost savings of around £420 million. We are delivering this through structural simplification and sustained investment in our technology platforms, helping colleagues work more effectively and giving customers simpler, faster and better experiences. During the quarter, we launched our AI Spending Insights tool trial, making it easier for customers to understand and manage their spending. Our AI fraud-triage agent is now live for credit card customers, helping resolve fraud queries more quickly and efficiently. Active balance sheet management to drive strong capital generation Our loan portfolio remains resilient, with a loan impairment rate of 21 basis points for the year to date. We are actively managing lower-returning capital to create capacity for growth and deliver attractive returns. RWA management actions generated £1.8 billion of benefits, supporting capital generation pre-distributions of 71 basis points. Our Common Equity Tier 1 (CET1) ratio increased by 30 basis points to 13.5%. Our funding remains stable and diversified. The loan:deposit ratio (excl. repos and reverse repos), was unchanged from Q2 2026 at 90%, and we maintained a strong liquidity position, with an average Liquidity Coverage Ratio of 137%. Outlook(3) Based on our latest expectations for interest rates and economic conditions, we reaffirm the outlook provided in our H1 2026 results, with the enhancement that we now expect RWAs to be around £210 billion on 1 January 2027 including the impact of Basel 3.1. (1) Including Evelyn Partners’ FY 2025 assets under management and administration within CAL. (2) Social finance and facilitation represents only a relatively small proportion of our overall financing and facilitation activities. (3) The guidance, targets, expectations and trends discussed in this section represent NatWest Group plc management’s current expectations and are subject to change, including as a result of the factors described in the NatWest Group plc Risk Factors in the 2025 Annual Report and Accounts and Form 20-F and the Summary Risk Factors in the NatWest Group plc 2026 Interim Results announcement. These statements constitute forward-looking statements. Refer to Forward-looking statements in this announcement.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 3 Business performance summary Nine months ended Quarter ended 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 Summary consolidated income statement £m £m Variance £m £m Variance £m Variance Net interest income 10,449 9,388 11.3% 3,559 3,496 1.8% 3,268 8.9% Non-interest income 3,053 2,929 4.2% 1,081 1,008 7.2% 1,064 1.6% Total income 13,502 12,317 9.6% 4,640 4,504 3.0% 4,332 7.1% Litigation and conduct costs (92) (130) (29.2%) (47) (30) 56.7% (12) nm Other operating expenses (6,167) (5,884) 4.8% (2,091) (2,049) 2.0% (1,984) 5.4% Operating expenses (6,259) (6,014) 4.1% (2,138) (2,079) 2.8% (1,996) 7.1% Profit before impairment losses 7,243 6,303 14.9% 2,502 2,425 3.2% 2,336 7.1% Impairment losses (700) (535) 30.8% (277) (140) 97.9% (153) 81.0% Operating profit before tax 6,543 5,768 13.4% 2,225 2,285 (2.6%) 2,183 1.9% Tax charge (1,748) (1,412) 23.8% (610) (612) (0.3%) (502) 21.5% Profit for the period 4,795 4,356 10.1% 1,615 1,673 (3.5%) 1,681 (3.9%) Performance key metrics and ratios Notable items within total income (1) £243m £189m 28.6% £53m £55m (3.6%) £166m (68.1%) Total income excluding notable items (1) £13,259m £12,128m 9.3% £4,587m £4,449m 3.1% £4,166m 10.1% Net interest margin (1) 2.49% 2.31% 18bps 2.50% 2.49% 1bp 2.37% 13bps Average interest earning assets (1) £561bn £544bn 3.1% £565bn £563bn 0.4% £548bn 3.1% Cost:income ratio (excl. litigation and conduct) (1) 45.7% 47.8% (2.1%) 45.1% 45.5% (0.4%) 45.8% (0.7%) Loan impairment rate (1) 21bps 17bps 4bps 24bps 13bps 11bps 15bps 9bps Profit attributable to ordinary shareholders £4,567m £4,086m 11.8% £1,532m £1,603m (4.4%) £1,598m (4.1%) Total earnings per share attributable to ordinary shareholders - basic 57.4p 50.7p 6.7p 19.3p 20.1p (0.8p) 19.8p (0.5p) Return on Tangible Equity (RoTE) (1) 20.2% 19.5% 0.7% 21.6% 21.0% 0.6% 22.3% (0.7%) Climate and transition finance (1,2) £30,459m £7,569m nm £7,316m £12,666m (42.2%) £7,569m (3.3%) nm = not meaningful. For the footnotes to this table refer to the following page.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 4 Business performance summary continued As at 30 September 30 June 31 December 2026 2026 2025 Balance sheet £bn £bn Variance £bn Variance Total assets 758.7 745.4 1.8% 714.6 6.2% Loans to customers - amortised cost 449.0 435.9 3.0% 418.9 7.2% Loans to customers excluding central items (1,3) 414.3 406.2 2.0% 389.2 6.4% Loans to customers and banks - amortised cost and FVOCI 464.9 447.7 3.8% 429.9 8.1% Total impairment provisions (4) 3.6 3.6 - 3.6 - Expected credit loss (ECL) provision coverage ratio (1) 0.77% 0.80% (3bps) 0.83% (6bps) Customer deposits 454.3 448.6 1.3% 443.0 2.6% Customer deposits excluding central items (1,3) 453.4 447.6 1.3% 441.7 2.6% Assets under management and administration (AUMA) (1) 132.4 130.6 1.4% 58.5 126.3% Customer assets and liabilities (CAL) (1) 1,002.6 986.9 1.6% 891.7 12.4% Liquidity and funding Average Liquidity Coverage Ratio (LCR) (5) 137% 140% (3%) 147% (10%) Liquidity portfolio 223 225 (0.9%) 238 (6.3%) Average Net Stable Funding Ratio (NSFR) (5) 131% 132% (1%) 135% (4%) Loan:deposit ratio (excl. repos and reverse repos) (1) 90% 90% - 88% 2% Total wholesale funding (1) 96 93 3.2% 88 9.1% Short-term wholesale funding (1) 41 36 13.9% 28 46.4% Capital and leverage Common Equity Tier 1 (CET1) ratio (6) 13.5% 13.2% 30bps 14.0% (50bps) Total capital ratio (6) 18.6% 18.9% (30bps) 19.3% (70bps) Pro forma CET1 ratio (excl. foreseeable items) (7) 14.3% 14.2% 10bps 15.4% (110bps) Risk-weighted assets (RWAs) 200.5 199.5 0.5% 193.3 3.7% UK leverage ratio 4.6% 4.7% (0.1%) 4.8% (0.2%) Tangible net asset value (TNAV) per ordinary share (1,8) 359p 359p - 384p (25p) Number of ordinary shares in issue (millions) (8) 7,931 7,959 (0.4%) 7,995 (0.8%) (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) NatWest Group uses its climate and transition finance framework to determine the assets, activities, acquisition targets and companies that are eligible to be included within its target to provide £200 billion in climate and transition finance between 1 July 2025 and the end of 2030. This included both provision of committed (on and off-balance sheet) financing and facilitation. Climate and transition finance represents only a relatively small proportion of NatWest Group’s overall funding, financing and facilitation activities. The climate and transition finance framework is available on natwestgroup.com. (3) Central items includes Treasury repo activity. (4) Includes £0.1 billion relating to off-balance sheet exposures (30 June 2026 – £0.1 billion; 31 December 2025 – £0.1 billion). (5) Reported on an average basis in line with supervisory guidelines. The LCR is calculated as the average of the preceding 12 months. The NSFR is calculated as the average of the preceding four quarters. (6) Refer to the Capital, liquidity and funding risk section for details of the basis of preparation. (7) The pro forma CET1 ratio at 30 September 2026 excludes foreseeable items of £1,564 million: £1,329 million for ordinary dividends and £235 million foreseeable charges (30 June 2026 excludes foreseeable items of £1,959 million: £1,517 million for ordinary dividends and £442 million foreseeable charges. 31 December 2025 excludes foreseeable items of £2,758 million: £1,837 million for ordinary dividends and £921 million foreseeable charges). (8) The number of ordinary shares in issue excludes own shares held.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 5 Chief Financial Officer’s review We delivered another strong financial performance in Q3 2026, alongside continued progress against our strategic priorities. Operating profit was £2,225 million, RoTE was 21.6%, and we remain on track to deliver the targets set out at our H1 2026 results. We supported customers while delivering broad-based balance sheet growth. Net loans to customers excluding central items increased by £8.1 billion in the quarter, and customer deposits excluding central items increased by £5.8 billion. We continued to simplify the business and maintained strong credit resilience across the loan portfolio. Capital and liquidity remained robust, with a CET1 ratio of 13.5% and an average LCR of 137%. We generated 71 basis points of capital pre-distributions, including a further £1.8 billion of RWA management actions, creating additional capacity to support disciplined growth. We now assume the Bank of England base rate will rise by 25 basis points to 4% in the fourth quarter of 2026. Strong growth while strengthening and deepening relationships We delivered strong growth across our customer businesses, supported by deeper relationships and continued momentum in our priority segments. •Total income increased by 3.0% compared with Q2 2026 and by 7.1% compared with Q3 2025. Excluding notable items, total income was £138 million higher than Q2 2026 reflecting the acquisition of Evelyn Partners, deposit margin expansion and one additional day in the quarter. Net interest margin increased by 1 basis point to 2.50%, including a charge of around £35 million, equivalent to 2 basis points, following a routine review of customer repayment behaviour across Retail Banking and Commercial & Institutional. •CAL increased by £15.7 billion, or 1.6%, in Q3 2026 to £1,002.6 billion, and by £110.9 billion year to date. Including Evelyn Partners, year to date growth was 4.4%(1). •Net loans to customers excluding central items increased by £8.1 billion in Q3 2026 to £414.3 billion, reflecting disciplined growth across our customer businesses. Commercial & Institutional grew by £6.7 billion, principally across Corporate & Institutions and Commercial Mid-market, while Retail Banking increased by £1.4 billion, primarily driven by mortgages. •Customer deposits excluding central items increased by £5.8 billion in Q3 2026 to £453.4 billion. Retail Banking balances increased by £3.1 billion, reflecting strong growth in savings, including ISAs, fixed-term balances and NatWest Boxed. Commercial & Institutional deposits also increased by £3.0 billion, principally in Commercial Mid-market and Corporate & Institutions. Total term balances across NatWest Group were 19%, compared with 18% at Q2 2026 and 17% at Q4 2025. (1) Including Evelyn Partners’ FY 2025 assets under management and administration within CAL. Leveraging simplification The cost:income ratio (excl. litigation and conduct) was 45.7% for the year to date, 2.1 percentage points lower than last year as we continue to make progress towards becoming a simpler, more agile and technology driven bank. •Total operating expenses were £59 million higher than Q2 2026 and £142 million higher than Q3 2025. •Other operating expenses of £2,091 million were £42 million, or 2.0%, higher than Q2 2026 reflecting £128 million of Evelyn Partners costs and higher investment and restructuring costs, partly offset by lower staff costs, timing of FCA regulatory fees and a charge relating to historical VAT matters in Q2 2026. •Compared with Q3 2025, other operating expenses increased by £107 million, or 5.4%, reflecting the Evelyn Partners acquisition, investment and restructuring costs and the 2026 pay award, partly offset by timing and simplification benefits. •Headcount decreased by around 1,000 full-time equivalent (FTE) in the quarter and increased by around 800 FTE for the year to date, which included around 2,200 FTE related to Evelyn Partners. Ongoing transformation has driven the remaining net reduction of 1,400 FTE.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 6 Chief Financial Officer’s review continued Disciplined balance sheet and risk management supporting attractive returns We continue to manage the balance sheet actively, maintaining stable and diversified funding while improving capital velocity and creating capacity for disciplined growth. •The net impairment charge was £277 million, equivalent to 24 basis points of gross customer loans, and £137 million higher than Q2 2026. The increase primarily reflected the non-repeat of releases in Q2 2026 and higher Stage 3 charges. Compared with Q2 2026, the ECL provision remained stable at £3.6 billion and the ECL provision coverage ratio decreased to 0.77%. Credit performance across the portfolio remains resilient. Reflecting continued uncertainty in the economic outlook, we retained post model adjustments of £0.3 billion. •The CET1 ratio increased by 30 basis points in Q3 2026 to 13.5%. This included capital generation pre-distributions of 71 basis points, primarily comprising 77 basis points from profit partially offset by 7 basis points from the increase in RWAs. •The average LCR of 137%, providing £40.9 billion of headroom above the 100% minimum requirement, decreased by 3 percentage points in Q3 2026, driven by lending growth and changes to outflow assumptions partly offset by issuance and increased deposits. Primary liquidity was £153.2 billion at Q3 2026, including £66.0 billion, or 43%, held as cash and balances at central banks. Total wholesale funding increased by £2.7 billion in the quarter to £96.0 billion. •TNAV per share of 359 pence was unchanged in the quarter, with attributable profit offset by the interim dividend payment and movements in the cash flow hedging reserve. •RWAs increased by £1.0 billion in Q3 2026 to £200.5 billion. Business and book growth, together with risk impacts, were partly offset by the benefits of RWA management actions and decreases in CRD IV model updates.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 7 Business performance summary Retail Banking Quarter ended 30 September 30 June 30 September 2026 2026 2025 £m £m £m Total income 1,721 1,754 1,662 Operating expenses (678) (710) (715) of which: Other operating expenses (683) (714) (712) Impairment losses (192) (96) (97) Operating profit 851 948 850 Return on equity (1) 26.1% 29.7% 26.4% Net interest margin (1) 2.65% 2.69% 2.64% Cost:income ratio (excl. litigation and conduct) (1) 39.7% 40.7% 42.8% Loan impairment rate (1) 34bps 17bps 18bps As at 30 September 30 June 31 December 2026 2026 2025 £bn £bn £bn Net loans to customers (amortised cost) 224.9 223.5 216.1 Customer deposits 205.3 202.2 202.6 Customer assets and liabilities (CAL) (1) 432.1 427.5 420.5 RWAs 69.4 71.2 68.5 Retail Banking supports more than 19 million customers and continues to expand customer reach through new propositions such as the Mortgage Elsewhere Hub which has connected 36,000 customers and £6.2 billion of balances; our new insurance partnership that has generated over 10,000 policies; and the launch of Sainsbury’s-branded loans and savings. We are simplifying journeys and improving service through technology. Our AI fraud-triage agent in Cora has supported 52,000 credit card customer conversations, providing faster help and freeing colleagues for more complex needs. Retail Banking provided £1.3 billion of climate and transition finance(2) in Q3 2026, principally through lending on properties with an EPC rating of A or B. Q3 2026 performance •During Q3 2026, Retail Banking delivered an operating profit of £851 million, a return on equity of 26.1% and an improved cost:income ratio (excl. litigation and conduct), down from 42.8% in Q3 2025 to 39.7% in Q3 2026. •Total income was £33 million, or 1.9%, lower than Q2 2026 reflecting the non- repeat of an acceleration of back book insurance income within non-interest income and a £25 million charge following the periodic review of mortgage and credit card customer repayment behaviour partly offset by increased deposit hedge income and balance sheet growth as well as the benefit of an additional day in the quarter. Total income was £59 million, or 3.5%, higher than Q3 2025 reflecting deposit margin expansion from higher hedge income and growth in lending, partly offset by lower mortgage margins and deposit mix impact. •Net interest margin was 4 basis points lower than Q2 2026 largely reflecting the impact of the customer repayment behaviour change noted above. •Other operating expenses were £31 million, or 4.3%, lower than Q2 2026 reflecting lower regulatory fees. Other operating expenses were £29 million, or 4.1%, lower than Q3 2025 primarily due to lower regulatory fees, and lower integration costs related to the acquisition of balances acquired from Sainsbury's Bank partly offset by the inclusion of NatWest Boxed costs following the transfer from Central items & other. •An impairment charge of £192 million, compared with a £96 million charge in Q2 2026, largely driven by the non-repeat of Q2 2026 one-off releases including the Q2 2026 multiple economic scenarios update, post model adjustments releases and benefit from an unsecured debt sale. •CAL increased by £4.6 billion, or 1.1%, in Q3 2026. •Net loans to customers increased by £1.4 billion, or 0.6%, in Q3 2026 driven by higher mortgage balances of £1.2 billion, or 0.6%, higher cards balances of £0.2 billion, or 2.4%, and higher personal advances of £0.1 billion, or 1.0%. •Customer deposits increased by £3.1 billion, or 1.5%, in Q3 2026 reflecting strong growth in savings including ISAs, fixed term balances and through NatWest Boxed. •RWAs decreased by £1.8 billion, or 2.5%, in Q3 2026 primarily due to CRD IV model updates, partially offset by book growth. (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) Climate and transition finance represents only a relatively small proportion of our overall financing and facilitation activities.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 8 Business performance summary continued Private Banking & Wealth Management Quarter ended 30 September 30 June 30 September 2026 2026 2025 £m £m £m Total income 447 304 284 Operating expenses (287) (186) (173) of which: Other operating expenses (286) (185) (172) Impairment losses (4) - (3) Operating profit 156 118 108 Return on equity (1) 32.3% 26.5% 23.4% Net interest margin (1) 2.91% 2.81% 2.66% Cost:income ratio (excl. litigation and conduct) (1) 64.0% 60.9% 60.6% Loan impairment rate (1) 8bps - 6bps AUM net flows (£bn) (1) 1.0 1.1 0.6 AUMA income (1,2) 225 92 81 As at 30 September 30 June 31 December 2026 2026 2025 £bn £bn £bn Net loans to customers (amortised cost) 19.0 19.0 18.9 Customer deposits 41.1 41.4 42.7 RWAs 12.5 12.4 11.4 Assets under management and administration (AUMA) (1) 132.4 130.6 58.5 of which: Assets under management (AUM) (1) 118.0 116.4 43.7 Assets under administration (AUA) (1) 14.4 14.2 14.8 Customer assets and liabilities (CAL) (1,3) 191.6 190.1 119.0 Private Banking & Wealth Management is broadening its client proposition through Evelyn Partners. Integration is progressing well and the combined business delivered £1.0 billion of quarterly AUM net inflows, equivalent to 3.4% of opening balances on an annualised basis. We are simplifying access to advice and services, with record Coutts mobile NPS of +57 and investment-backed lending in-app. AI use by colleagues rose 66% in the quarter, while AI-powered client intelligence is helping relationship managers target new client needs when it matters most. Private Banking & Wealth Management provided £0.08 billion of climate and transition finance(4) in Q3 2026, principally in relation to mortgages on residential properties with an EPC rating of A or B and wholesale transactions. Q3 2026 performance •During Q3 2026, Private Banking & Wealth Management delivered an operating profit of £156 million, and a return on equity of 32.3%. This is the first full quarter following completion of the transformational acquisition of Evelyn Partners on 30 June 2026. •Total income was £143 million, or 47.0%, higher than Q2 2026 primarily reflecting the acquisition of Evelyn Partners together with deposit margin expansion and AUMA balance growth. Q3 2026 total income was £163 million, or 57.4%, higher than Q3 2025 primarily reflecting the acquisition of Evelyn Partners, which has led to a 128% increase in non-interest income in the quarter, together with deposit margin expansion and AUMA balance growth. •Net interest margin was 10 basis points higher than Q2 2026 largely reflecting deposit margin expansion. •Other operating expenses were £101 million, or 54.6%, higher than Q2 2026 primarily reflecting the acquisition of Evelyn Partners. Other operating expenses were £114 million, or 66.3%, higher than Q3 2025 primarily reflecting the acquisition of Evelyn Partners. •An impairment charge of £4 million in Q3 2026, compared with no impairment charge in Q2 2026, reflecting higher Stage 3 charges and the non-repeat of releases recognised in Q2 2026. Stage 3 charges remain at low levels. •CAL increased by £1.5 billion, or 0.8%, in Q3 2026, supported by growth in AUMA balances. •Net loans to customers are in line with Q2 2026. •Customer deposits decreased by £0.3 billion, or 0.7%, in Q3 2026 driven by seasonal tax outflows and continued flows to AUMAs. •AUMA balances increased by £1.8 billion in Q3 2026, driven by positive market movements of £0.4 billion, AUM net inflows of £1.0 billion, and AUA net inflows of £0.4 billion. Net flows are positive in both businesses. (1) Refer to the Non-IFRS financial measures appendix for details of basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) AUMA income includes investment income earned across NatWest Group (excluding Cushon). Investment income includes ongoing fees as a percentage of assets and fees, charged on a per transaction basis, for advice services, trading and exchange services, protection and alternative investing services. (3) CAL refers to customer deposits, gross loans to customers and AUMA. To avoid double counting, investment cash is deducted as it is reported within customer deposits and AUMA. (4) Climate and transition finance represents only a relatively small proportion of our overall financing and facilitation activities.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 9 Business performance summary continued Commercial & Institutional Quarter ended 30 September 30 June 30 September 2026 2026 2025 £m £m £m Net interest income 1,762 1,725 1,550 Non-interest income 661 669 658 Total income 2,423 2,394 2,208 Operating expenses (1,058) (1,097) (1,115) of which: Other operating expenses (1,037) (1,076) (1,060) Impairment losses (80) (43) (52) Operating profit 1,285 1,254 1,041 Return on equity (1) 22.5% 22.4% 19.7% Net interest margin (1) 2.47% 2.45% 2.36% Cost:income ratio (excl. litigation and conduct) (1) 42.8% 44.9% 48.0% Loan impairment rate (1) 19bps 10bps 14bps As at 30 September 30 June 31 December 2026 2026 2025 £bn £bn £bn Net loans to customers (amortised cost) 170.4 163.7 154.2 Customer deposits 207.0 204.0 196.4 Funded assets (1) 364.2 359.1 331.4 Customer assets and liabilities (CAL) (1) 378.9 369.3 352.2 RWAs 117.2 114.5 111.9 Commercial & Institutional supports sectors central to the UK economy. We committed over £2.8 billion to social housing(2), supported entrepreneurs by growing our Accelerator network and delivered £6.7 billion of net lending growth. Commercial & Institutional provided £5.9 billion of climate and transition finance(3) in Q3 2026, supporting customers investing in the transition to net zero. Q3 2026 performance •During Q3 2026, Commercial & Institutional delivered an operating profit of £1,285 million and a return on equity of 22.5%, with strong operating jaws driving an improvement in the cost:income ratio (excl. litigation and conduct) from 48.0% in Q3 2025 to 42.8% in Q3 2026. •Total income was £29 million, or 1.2%, higher than Q2 2026 primarily reflecting higher deposit hedge income, a one-off gain on the sale of Mentor as well as the benefit of an additional day in the quarter, partly offset by lower markets trading income. Q3 2026 total income was £215 million, or 9.7%, higher than Q3 2025 primarily reflecting higher deposit income as a result of higher customer balances, higher hedge income and lending growth across all businesses, partly offset by lower markets trading income. •Net interest margin was 2 basis points higher than in Q2 2026 reflecting deposit margin expansion partly offset by asset mix impacts. •Other operating expenses were £39 million, or 3.6%, lower than Q2 2026 largely reflecting higher VAT credits, lower regulatory fees and continued investment in the business, partly offset by increased restructuring costs. Other operating expenses were £23 million, or 2.2%, lower than Q3 2025 reflecting non-recurring costs from Q3 2025. •An impairment charge of £80 million in Q3 2026 compared with a £43 million charge in Q2 2026 reflecting higher Stage 3 charges. •Net loans to customers increased by £6.7 billion or 4.1% in Q3 2026, with growth within Corporate & Institutions and Commercial Mid-market. •Customer deposits increased by £3.0 billion, or 1.5%, in Q3 2026 reflecting growth across all the businesses. •RWAs increased by £2.7 billion, or 2.4%, in Q3 2026 primarily reflecting book growth, increased market risk and CRD IV model updates, partly offset by RWA management actions. (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) Social finance and facilitation represents only a relatively small proportion of our overall financing and facilitation activities. (3) Climate and transition finance represents only a relatively small proportion of our overall financing and facilitation activities.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 10 Business performance summary continued Central items & other Quarter ended 30 September 30 June 30 September 2026 2026 2025 £m £m £m Total income 49 52 178 Operating expenses (115) (86) 7 of which: Other operating expenses (85) (74) (40) Impairment losses (1) (1) (1) Operating (loss)/profit (67) (35) 184 As at 30 September 30 June 31 December 2026 2026 2025 £bn £bn £bn Net loans to customers (amortised cost) 34.7 29.7 29.7 Customer deposits 0.9 1.0 1.3 RWAs 1.4 1.4 1.5 Q3 2026 performance •Total income was £3 million lower than Q2 2026 primarily reflecting a movement in FX recycling from a gain of £38 million in Q2 2026 to a loss of £3 million in Q3 2026 largely offset by higher gains on interest and FX risk management derivatives not in hedge accounting relationships. •Other operating expenses of £85 million were £11 million higher than Q2 2026 and included amortisation of Evelyn Partners purchased intangibles of £28 million. •Net loans to customers increased by £5.0 billion in Q3 2026 driven by reverse repo activity in Treasury.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 11 Segment performance Nine months ended 30 September 2026 Private Banking Retail & Wealth Commercial Central items Total NatWest Banking Management & Institutional & other Group £m £m £m £m £m Income statement Net interest income 4,780 612 5,129 (72) 10,449 Non-interest income 379 430 1,923 321 3,053 Total income 5,159 1,042 7,052 249 13,502 Direct expenses (644) (299) (1,145) (4,079) (6,167) Indirect expenses (1,469) (363) (2,070) 3,902 - Other operating expenses (2,113) (662) (3,215) (177) (6,167) Litigation and conduct costs 6 (2) (51) (45) (92) Operating expenses (2,107) (664) (3,266) (222) (6,259) Operating profit before impairment losses 3,052 378 3,786 27 7,243 Impairment losses (472) (10) (217) (1) (700) Operating profit 2,580 368 3,569 26 6,543 Total income excluding notable items (1) 5,159 1,042 7,046 12 13,259 Additional information Return on Tangible Equity (1) na na na na 20.2% Return on equity (1) 26.8% 26.8% 21.1% nm na Cost:income ratio (excl. litigation and conduct) (1) 41.0% 63.5% 45.6% nm 45.7% Total assets (£bn) 248.9 32.7 429.7 47.4 758.7 Funded assets (£bn) (1) 248.9 32.7 364.2 47.2 693.0 Net loans to customers - amortised cost (£bn) 224.9 19.0 170.4 34.7 449.0 Loan impairment rate (1) 28bps 7bps 17bps nm 21bps Impairment provisions (£bn) (1.9) (0.1) (1.6) - (3.6) Impairment provisions - Stage 3 (£bn) (1.1) (0.1) (0.9) 0.1 (2.0) Customer deposits (£bn) 205.3 41.1 207.0 0.9 454.3 Total customer assets and liabilities (CAL) (£bn) 432.1 191.6 378.9 na 1,002.6 Risk-weighted assets (RWAs) (£bn) 69.4 12.5 117.2 1.4 200.5 RWA equivalent (RWAe) (£bn) 69.7 12.5 118.3 1.7 202.2 Employee numbers (FTEs - thousands) (2) 12.8 4.4 12.4 29.9 59.5 Third party customer asset rate (1) 4.44% 4.58% 5.56% nm nm Third party customer funding rate (1) (1.60%) (2.37%) (1.41%) nm nm Average interest earning assets (£bn) (1) 238.8 29.0 278.6 na 561.5 Net interest margin (1) 2.68% 2.82% 2.46% na 2.49% nm = not meaningful, na = not applicable. (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) Includes 2,175 FTEs related to the acquisition of Evelyn Partners.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 12 Segment performance continued Nine months ended 30 September 2025 Private Banking Retail & Wealth Commercial Central items Total NatWest Banking Management & Institutional & other Group £m £m £m £m £m Income statement Net interest income 4,471 555 4,505 (143) 9,388 Non-interest income 325 268 1,992 344 2,929 Total income 4,796 823 6,497 201 12,317 Direct expenses (604) (183) (1,192) (3,905) (5,884) Indirect expenses (1,519) (347) (1,930) 3,796 - Other operating expenses (2,123) (530) (3,122) (109) (5,884) Litigation and conduct costs (15) (2) (144) 31 (130) Operating expenses (2,138) (532) (3,266) (78) (6,014) Operating profit before impairment losses 2,658 291 3,231 123 6,303 Impairment losses (323) (4) (206) (2) (535) Operating profit 2,335 287 3,025 121 5,768 Total income excluding notable items (1) 4,796 823 6,494 15 12,128 Additional information Return on Tangible Equity (1) na na na na 19.5% Return on equity (1) 24.7% 21.0% 19.0% nm na Cost:income ratio (excl. litigation and conduct) (1) 44.3% 64.4% 48.1% nm 47.8% Total assets (£bn) 240.6 29.1 408.9 47.0 725.6 Funded assets (£bn) (1) 240.6 29.1 348.2 46.6 664.5 Net loans to customers - amortised cost (£bn) 216.0 18.8 149.7 30.8 415.3 Loan impairment rate (1) 20bps 3bps 18bps nm 17bps Impairment provisions (£bn) (1.9) (0.1) (1.7) - (3.7) Impairment provisions - Stage 3 (£bn) (1.2) - (1.1) - (2.3) Customer deposits (£bn) 195.8 40.6 198.3 0.8 435.5 Total customer assets and liabilities (CAL) (£bn) 413.7 114.3 349.6 na 877.6 Risk-weighted assets (RWAs) (£bn) 69.1 11.4 107.0 1.6 189.1 RWA equivalent (RWAe) (£bn) 69.9 11.4 108.0 1.9 191.2 Employee numbers (FTEs - thousands) 11.6 2.1 12.6 32.8 59.1 Third party customer asset rate (1) 4.34% 4.74% 6.04% nm nm Third party customer funding rate (1) (1.78%) (2.75%) (1.60%) nm nm Average interest earning assets (£bn) (1) 229.8 28.5 257.1 na 544.3 Net interest margin (1) 2.60% 2.60% 2.34% na 2.31% nm = not meaningful, na = not applicable. (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 13 Segment performance continued Quarter ended 30 September 2026 Private Banking Retail & Wealth Commercial Central items Total NatWest Banking Management & Institutional & other Group £m £m £m £m £m Income statement Net interest income 1,615 214 1,762 (32) 3,559 Non-interest income 106 233 661 81 1,081 Total income 1,721 447 2,423 49 4,640 Direct expenses (214) (173) (362) (1,342) (2,091) Indirect expenses (469) (113) (675) 1,257 - Other operating expenses (683) (286) (1,037) (85) (2,091) Litigation and conduct costs 5 (1) (21) (30) (47) Operating expenses (678) (287) (1,058) (115) (2,138) Operating profit/(loss) before impairment losses 1,043 160 1,365 (66) 2,502 Impairment losses (192) (4) (80) (1) (277) Operating profit/(loss) 851 156 1,285 (67) 2,225 Total income excluding notable items (1) 1,721 447 2,419 - 4,587 Additional information Return on Tangible Equity (1) na na na na 21.6% Return on equity (1) 26.1% 32.3% 22.5% nm na Cost:income ratio (excl. litigation and conduct) (1) 39.7% 64.0% 42.8% nm 45.1% Total assets (£bn) 248.9 32.7 429.7 47.4 758.7 Funded assets (£bn) (1) 248.9 32.7 364.2 47.2 693.0 Net loans to customers - amortised cost (£bn) 224.9 19.0 170.4 34.7 449.0 Loan impairment rate (1) 34bps 8bps 19bps nm 24bps Impairment provisions (£bn) (1.9) (0.1) (1.6) - (3.6) Impairment provisions - Stage 3 (£bn) (1.1) (0.1) (0.9) 0.1 (2.0) Customer deposits (£bn) 205.3 41.1 207.0 0.9 454.3 Total customer assets and liabilities (CAL) (£bn) 432.1 191.6 378.9 na 1,002.6 Risk-weighted assets (RWAs) (£bn) 69.4 12.5 117.2 1.4 200.5 RWA equivalent (RWAe) (£bn) 69.7 12.5 118.3 1.7 202.2 Employee numbers (FTEs - thousands) (2) 12.8 4.4 12.4 29.9 59.5 Third party customer asset rate (1) 4.46% 4.61% 5.57% nm nm Third party customer funding rate (1) (1.62%) (2.42%) (1.46%) nm nm Average interest earning assets (£bn) (1) 242.0 29.2 283.0 na 565.4 Net interest margin (1) 2.65% 2.91% 2.47% na 2.50% nm = not meaningful, na = not applicable. (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) Includes 2,175 FTEs related to the acquisition of Evelyn Partners.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 14 Segment performance continued Quarter ended 30 June 2026 Private Banking Retail & Wealth Commercial Central items Total NatWest Banking Management & Institutional & other Group £m £m £m £m £m Income statement Net interest income 1,603 202 1,725 (34) 3,496 Non-interest income 151 102 669 86 1,008 Total income 1,754 304 2,394 52 4,504 Direct expenses (248) (68) (404) (1,329) (2,049) Indirect expenses (466) (117) (672) 1,255 - Other operating expenses (714) (185) (1,076) (74) (2,049) Litigation and conduct costs 4 (1) (21) (12) (30) Operating expenses (710) (186) (1,097) (86) (2,079) Operating profit/(loss) before impairment losses 1,044 118 1,297 (34) 2,425 Impairment losses (96) - (43) (1) (140) Operating profit/(loss) 948 118 1,254 (35) 2,285 Total income excluding notable items (1) 1,754 304 2,395 (4) 4,449 Additional information Return on Tangible Equity (1) na na na na 21.0% Return on equity (1) 29.7% 26.5% 22.4% nm na Cost:income ratio (excl. litigation and conduct) (1) 40.7% 60.9% 44.9% nm 45.5% Total assets (£bn) 247.5 32.9 422.1 42.9 745.4 Funded assets (£bn) (1) 247.5 32.9 359.1 42.7 682.2 Net loans to customers - amortised cost (£bn) 223.5 19.0 163.7 29.7 435.9 Loan impairment rate (1) 17bps - 10bps nm 13bps Impairment provisions (£bn) (1.8) (0.1) (1.7) - (3.6) Impairment provisions - Stage 3 (£bn) (1.1) (0.1) (0.9) - (2.1) Customer deposits (£bn) 202.2 41.4 204.0 1.0 448.6 Total customer assets and liabilities (CAL) (£bn) (1) 427.5 190.1 369.3 na 986.9 Risk-weighted assets (RWAs) (£bn) 71.2 12.4 114.5 1.4 199.5 RWA equivalent (RWAe) (£bn) 72.0 12.4 115.4 1.6 201.4 Employee numbers (FTEs - thousands) (2) 12.1 4.4 12.7 31.3 60.5 Third party customer asset rate (1) 4.42% 4.58% 5.55% nm nm Third party customer funding rate (1) (1.59%) (2.35%) (1.40%) nm nm Average interest earning assets (£bn) (1) 238.7 28.8 282.1 na 562.6 Net interest margin (1) 2.69% 2.81% 2.45% na 2.49% nm = not meaningful, na = not applicable. (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics. (2) Includes 2,225 FTEs related to the acquisition of Evelyn Partners.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 15 Segment performance continued Quarter ended 30 September 2025 Private Banking Retail & Wealth Commercial Central items Total NatWest Banking Management & Institutional & other Group £m £m £m £m £m Income statement Net interest income 1,549 192 1,550 (23) 3,268 Non-interest income 113 92 658 201 1,064 Total income 1,662 284 2,208 178 4,332 Direct expenses (208) (61) (410) (1,305) (1,984) Indirect expenses (504) (111) (650) 1,265 - Other operating expenses (712) (172) (1,060) (40) (1,984) Litigation and conduct costs (3) (1) (55) 47 (12) Operating expenses (715) (173) (1,115) 7 (1,996) Operating profit before impairment losses 947 111 1,093 185 2,336 Impairment losses (97) (3) (52) (1) (153) Operating profit 850 108 1,041 184 2,183 Total income excluding notable items (1) 1,662 284 2,208 12 4,166 Additional information Return on Tangible Equity (1) na na na na 22.3% Return on equity (1) 26.4% 23.4% 19.7% nm na Cost:income ratio (excl. litigation and conduct) (1) 42.8% 60.6% 48.0% nm 45.8% Total assets (£bn) 240.6 29.1 408.9 47.0 725.6 Funded assets (£bn) (1) 240.6 29.1 348.2 46.6 664.5 Net loans to customers - amortised cost (£bn) 216.0 18.8 149.7 30.8 415.3 Loan impairment rate (1) 18bps 6bps 14bps nm 15bps Impairment provisions (£bn) (1.9) (0.1) (1.7) - (3.7) Impairment provisions - Stage 3 (£bn) (1.2) - (1.1) - (2.3) Customer deposits (£bn) 195.8 40.6 198.3 0.8 435.5 Total customer assets and liabilities (CAL) (£bn) (1) 413.7 114.3 349.6 na 877.6 Risk-weighted assets (RWAs) (£bn) 69.1 11.4 107.0 1.6 189.1 RWA equivalent (RWAe) (£bn) 69.9 11.4 108.0 1.9 191.2 Employee numbers (FTEs - thousands) 11.6 2.1 12.6 32.8 59.1 Third party customer asset rate (1) 4.40% 4.66% 5.88% nm nm Third party customer funding rate (1) (1.69%) (2.61%) (1.49%) nm nm Average interest earning assets (£bn) (1) 233.0 28.6 260.5 na 548.1 Net interest margin (1) 2.64% 2.66% 2.36% na 2.37% nm = not meaningful, na = not applicable (1) Refer to the Non-IFRS financial measures appendix for details of the basis of preparation and reconciliation of non-IFRS financial measures and performance metrics.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 16 Capital and risk management Capital, liquidity and funding risk Introduction NatWest Group takes a comprehensive approach to the management of capital, liquidity and funding, underpinned by frameworks, risk appetite and policies, to manage and mitigate capital, liquidity and funding risks. The framework ensures the tools and capability are in place to facilitate the management and mitigation of risk ensuring that NatWest Group operates within its regulatory requirements and risk appetite. Key developments since 31 December 2025 CET1 ratio 13.5% (2025 - 14.0%) The CET1 ratio decreased by 50 basis points to 13.5% due to a £7.2 billion increase in RWAs partially offset by an immaterial increase in CET1 capital. The CET1 capital increase was mainly driven by an attributable profit to ordinary shareholders of £3.6 billion (net of ordinary interim dividend paid) offset by an increase in regulatory deductions following the acquisition of Evelyn Partners of £2.7 billion and a foreseeable ordinary dividend accrual of £1.3 billion. RWAs £200.5bn (2025 - £193.3bn) Total RWAs increased by £7.2 billion to £200.5 billion reflecting: •a net increase in credit risk RWAs of £5.9 billion, primarily driven by lending growth, movements in risk metrics and an increase from the acquisition of Evelyn Partners. These increases were partially offset by the benefits of RWA management actions and decreases in CRD IV model updates; •an increase in operational risk RWAs of £0.7 billion driven by the acquisition of Evelyn Partners; •an increase in market risk RWAs of £0.4 billion, driven by the incremental risk charge (IRC) reflecting changes in government bond positions and increased stressed value-at-risk (SVaR) based RWAs related to client trading activity in the currency options business; •an increase in counterparty credit risk RWAs of £0.2 billion, primarily due to an update to the approach to determining collateral liquidity in securities financing transactions and CRD IV model updates. UK leverage ratio 4.6% (2025 - 4.8%) The leverage ratio decreased by 20 basis points to 4.6% due to a £40.6 billion increase in leverage exposure partially offset by a £0.6 billion increase in Tier 1 capital. The key driver of the leverage exposure movement was an increase in other financial assets. MREL ratio 30.0% (2025 - 31.9%) The Minimum Requirements of own funds and Eligible Liabilities (MREL) ratio decreased by 190 basis points to 30.0% driven by a £7.2 billion increase in RWAs and a £1.5 billion decrease in MREL. MREL decreased to £60.1 billion driven by a £1.5 billion decrease in senior unsecured debt and an immaterial decrease in eligible Own Funds. The decrease in senior unsecured debt was mainly driven by redemptions totalling £2.4 billion partially offset by new issuances totalling £1.5 billion. There were offsetting moves in eligible Own Funds due to the issuance of a £0.5 billion Additional Tier 1 instrument and a $0.8 billion subordinated debt Tier 2 instrument, and the redemption of a £1.0 billion Tier 2 instrument. Liquidity portfolio £223.0bn (2025 - £237.9bn) The liquidity portfolio decreased by £14.9 billion to £223.0 billion compared with Q4 2025. Primary liquidity decreased by £4.0 billion to £153.2 billion, driven by lending growth partly offset by issuance and increased deposits. Secondary liquidity decreased by £10.9 billion due to reduced pre-positioned collateral at the Bank of England. LCR average 137% (2025 - 147%) The average Liquidity Coverage Ratio (LCR) decreased by 10 percentage points to 137% during 2026, driven by lending growth and changes to outflow assumptions partly offset by issuance and increased deposits. NSFR average 131% (2025 - 135%) The average Net Stable Funding Ratio (NSFR) decreased by 4 percentage points to 131% during 2026 driven by lending growth partly offset by issuance and increased deposits.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 17 Capital and risk management continued Capital, liquidity and funding risk continued Maximum Distributable Amount (MDA) and Minimum Capital Requirements NatWest Group is subject to minimum capital requirements relative to RWAs. The table below summarises the minimum capital requirements (the sum of Pillar 1 and Pillar 2A), and the additional capital buffers which are held in excess of the regulatory minimum requirements and are usable in stress. Where the CET1 ratio falls below the sum of the minimum capital and the combined buffer requirement, there is a subsequent automatic restriction on the amount available to service discretionary payments (including AT1 coupons), known as the MDA. Note that different capital requirements apply to individual legal entities or sub-groups and that the table shown does not reflect any incremental PRA buffer requirements, which are not disclosable. The current capital position provides significant headroom above both NatWest Group’s minimum requirements and its MDA threshold requirements. Type CET1 Total Tier 1 Total capital Pillar 1 requirements 4.5% 6.0% 8.0% Pillar 2A requirements 1.6% 2.2% 2.9% Minimum Capital Requirements 6.1% 8.2% 10.9% Capital conservation buffer 2.5% 2.5% 2.5% Countercyclical capital buffer (1) 1.7% 1.7% 1.7% MDA threshold (2) 10.3% n/a n/a Overall capital requirement 10.3% 12.4% 15.1% Capital ratios at 30 September 2026 13.5% 16.0% 18.6% Headroom (3,4) 3.2% 3.6% 3.5% (1) The UK countercyclical buffer (CCyB) rate is currently being maintained at 2%. This may vary in either direction in the future subject to how risks develop. Foreign exposures may be subject to different CCyB rates depending on the rate set in those jurisdictions. (2) Pillar 2A requirements for NatWest Group are set as a variable amount with the exception of some fixed add-ons. Following the 2026 Annual review, the CET1 element of the Pillar 2A requirement for NatWest Group is expected to reduce to 1.2%, effective 1 January 2027. (3) The headroom does not reflect excess distributable capital and may vary over time. (4) Headroom as at 31 December 2025 was CET1 - 3.7%, Total Tier 1 - 4.0% and Total capital - 4.2%. Leverage ratios The table below summarises the minimum ratios of capital to leverage exposure under the binding PRA UK leverage framework applicable for NatWest Group. Type CET1 Total Tier 1 Minimum ratio 2.44% 3.25% Countercyclical leverage ratio buffer (1) 0.6% 0.6% Total 3.04% 3.85% (1) The countercyclical leverage ratio buffer is set at 35% of NatWest Group’s CCyB. Liquidity and funding ratios The table below summarises the minimum requirements for key liquidity and funding metrics under the PRA framework. Type Liquidity Coverage Ratio (LCR) 100% Net Stable Funding Ratio (NSFR) 100%

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 18 Capital and risk management continued Capital, liquidity and funding risk continued Capital and leverage ratios The tables below show key prudential metrics calculated in accordance with current PRA rules. 30 September 30 June 31 December 2026 2026 2025 Capital adequacy ratios % % % CET1 13.5 13.2 14.0 Tier 1 16.0 15.7 16.4 Total 18.6 18.9 19.3 Capital £m £m £m Tangible equity 28,444 28,543 30,736 Expected loss less impairment - - (89) Prudential valuation adjustment (191) (152) (167) Deferred tax assets (712) (735) (804) Own credit 26 36 42 Defined benefit pension fund adjustment (209) (190) (187) Cash flow hedging reserve 1,336 780 752 Foreseeable ordinary dividends (1,329) (1,517) (1,837) Adjustment for trust assets (1) (365) (365) (365) Foreseeable charges (2) (235) (442) (921) Other adjustments for regulatory purposes 342 348 (94) Total regulatory adjustments (1,337) (2,237) (3,670) CET1 capital 27,107 26,306 27,066 AT1 capital 5,070 5,070 4,555 Tier 1 capital 32,177 31,376 31,621 Tier 2 capital 5,158 6,275 5,754 Total regulatory capital 37,335 37,651 37,375 Risk-weighted assets Credit risk 161,511 160,892 155,610 Counterparty credit risk 7,738 7,768 7,609 Market risk 4,942 4,493 4,474 Operational risk 26,327 26,327 25,595 Total RWAs 200,518 199,480 193,288 (1) Prudent deduction in respect of an agreement with the pension fund to establish a legal structure to remove dividend- linked contribution. (2) The foreseeable charges of £235 million relate to share buybacks (30 June 2026 - £442 million; 31 December 2025 - £921 million). 30 September 30 June 31 December 2026 2026 2025 Leverage £m £m £m Cash and balances at central banks 70,176 76,743 85,182 Trading assets 46,590 47,366 46,537 Derivatives 65,684 63,157 60,789 Financial assets 549,692 529,802 505,609 Other assets 26,560 28,299 16,436 Total assets 758,702 745,367 714,553 Derivatives - netting and variation margin (62,405) (59,853) (58,769) - potential future exposures 20,077 18,529 18,155 Securities financing transactions gross up 2,539 1,301 2,593 Other off balance sheet items 63,522 62,862 70,909 Regulatory deductions and other adjustments (19,436) (21,116) (9,699) Claims on central banks (66,750) (73,311) (81,616) Exclusion of bounce back loans (646) (758) (1,172) UK leverage exposure 695,603 673,021 654,954 UK leverage ratio (%) 4.6 4.7 4.8

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 19 Capital and risk management continued Capital, liquidity and funding risk continued Capital flow statement The table below analyses the movement in CET1, AT1 and Tier 2 capital for the nine months ended 30 September 2026. CET1 AT1 Tier 2 Total £m £m £m £m At 31 December 2025 27,066 4,555 5,754 37,375 Attributable profit for the period 4,567 - - 4,567 Ordinary interim dividend paid (954) - - (954) Foreseeable ordinary dividends (1,329) - - (1,329) Foreign exchange reserve (177) - - (177) FVOCI reserve 26 - - 26 Own credit (16) - - (16) Share-based remuneration and shares vested under employee share schemes 150 - - 150 Goodwill and intangibles deduction (1) (2,397) - - (2,397) Deferred tax assets 92 - - 92 Prudential valuation adjustments (24) - - (24) Issuances of capital instruments - 500 553 1,053 Redemption of capital instruments - - (997) (997) Other capital instrument movements (2) - 15 (195) (180) Expected loss less impairment 89 - - 89 Other movements 14 - 43 57 At 30 September 2026 27,107 5,070 5,158 37,335 (1) Goodwill and intangibles deduction movement includes £2.7 billion related to the acquisition of Evelyn Partners. (2) Other capital instrument movements include foreign exchange movements, accrued interest and fair value adjustments to capital instruments. •For CET1 movements refer to the key points on page 16. •Additional Tier 1 movement of £0.5 billion relates to a £0.5 billion 7.500% Reset Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Note issued in June 2026. •Tier 2 movements include an increase of £0.6 billion for a $0.8 billion 5.908% Fixed-to-Fixed Reset Rate Subordinated Tier 2 Note issued in March 2026 offset by a decrease of £1.0 billion relating to the redemption of a 2.105% Fixed-to-Fixed Rate Reset Tier 2 Note in August 2026. •Within Other movements for Tier 2 capital, there is an increase as a result of excess IRB provisions over expected losses in the period. Capital generation pre-distributions 30 September 30 June 31 December 2026 2026 2025 £m £m £m CET1 27,107 26,306 27,066 CET1 capital pre-distributions (1) 29,390 27,823 31,171 RWAs 200,518 199,480 193,288 CET1 ratio (%) - opening at 1 January 14.00 14.00 13.61 CET1 pre-distributions (%) - closing 14.66 13.95 16.13 Capital generation pre-distributions (%) (1,2) 0.66 (0.05) 2.52 (1) The calculation of capital generation pre-distributions uses CET1 capital pre-distributions. Distributions includes ordinary dividends paid, foreseeable ordinary dividends and share buybacks. (2) The capital generation pre-distributions is including the day 1 impact of the acquisition of Evelyn Partners. Excluding the impact of this, capital generation pre-distribution would be 2.08%.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 20 Capital and risk management continued Capital, liquidity and funding risk continued Risk-weighted assets The table below analyses the movement in RWAs for the nine months ended 30 September 2026, by key drivers. Counterparty Operational Credit risk credit risk Market risk risk Total £bn £bn £bn £bn £bn At 31 December 2025 155.6 7.6 4.5 25.6 193.3 Foreign exchange movement (0.1) - - - (0.1) Business movement 5.5 0.1 0.4 - 6.0 Risk parameter changes 0.8 - - - 0.8 Model updates (0.7) 0.1 - - (0.6) Acquisitions 0.4 - - 0.7 1.1 At 30 September 2026 161.5 7.8 4.9 26.3 200.5 The table below analyses segmental RWAs. Private Banking Total Retail & Wealth Commercial Central items NatWest Banking Management & Institutional & other Group Total RWAs £bn £bn £bn £bn £bn At 31 December 2025 68.5 11.4 111.9 1.5 193.3 Foreign exchange movement - - (0.1) - (0.1) Business movement 0.7 - 5.4 (0.1) 6.0 Risk parameter changes 0.6 - 0.2 - 0.8 Model updates (0.4) - (0.2) - (0.6) Acquisitions - 1.1 - - 1.1 At 30 September 2026 69.4 12.5 117.2 1.4 200.5 Credit risk 60.0 10.0 90.2 1.3 161.5 Counterparty credit risk 0.2 0.1 7.4 0.1 7.8 Market risk 0.1 - 4.8 - 4.9 Operational risk 9.1 2.4 14.8 - 26.3 Total RWAs 69.4 12.5 117.2 1.4 200.5 Total RWAs increased by £7.2 billion to £200.5 billion during the period mainly reflecting: •A reduction in risk-weighted assets from foreign exchange movements of £0.1 billion primarily due to sterling appreciating against the euro and depreciating against the US dollar. •An increase in business movements of £6.0 billion, primarily driven by credit risk, reflecting lending growth partially offset by the benefit of RWA management actions. A further increase in market risk was driven by IRC reflecting changes in government bond positions and increased SVaR based RWAs related to client trading activity in the currency options business. •An increase in risk parameters of £0.8 billion primarily driven by movements in risk metrics within Retail Banking and Commercial & Institutional. •A decrease in model updates of £0.6 billion driven by CRD IV model updates within Retail Banking and Commercial & Institutional. •An increase in acquisitions of £1.1 billion driven by the acquisition of Evelyn Partners.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 21 Capital and risk management continued Capital, liquidity and funding risk continued Liquidity portfolio The table below shows the composition of the liquidity portfolio with primary liquidity aligned to high-quality liquid assets on a regulatory LCR basis. Secondary liquidity comprises assets which are eligible as collateral for local central bank liquidity facilities and do not form part of the LCR eligible high-quality liquid assets. High-quality liquid assets cover both Pillar 1 and Pillar 2 risks. Liquidity value 30 September 2026 30 June 2026 31 December 2025 NatWest NWH UK DoL NatWest NWH UK DoL NatWest NWH UK DoL Group (1) Group (2) Sub Group (1) Group (2) Sub Group (1) Group (2) Sub £m £m £m £m £m £m £m £m £m Cash and balances at central banks 65,993 37,870 37,848 72,578 42,480 42,458 81,107 52,307 51,640 High-quality government/MDB/PSE and GSE bonds (3) 72,447 51,047 51,047 66,627 46,450 46,450 61,438 42,214 42,214 Extremely high quality covered bonds 5,433 5,390 5,390 4,703 4,693 4,693 4,415 4,414 4,414 LCR level 1 assets 143,873 94,307 94,285 143,908 93,623 93,601 146,960 98,935 98,268 LCR level 2 Eligible Assets (4) 9,358 8,263 8,263 8,137 7,225 7,225 10,325 9,466 9,466 Primary liquidity (HQLA) (5) 153,231 102,570 102,548 152,045 100,848 100,826 157,285 108,401 107,734 Secondary liquidity 69,741 69,741 69,741 72,560 72,560 72,560 80,647 80,647 80,647 Total liquidity value 222,972 172,311 172,289 224,605 173,408 173,386 237,932 189,048 188,381 (1) NatWest Group includes NWH Group, NWM Group and RBSI Ltd. (2) NWH Group comprises UK DoLSub and, as at 31 December 2025 only, NatWest Bank Europe GmbH which held managed portfolios that comply with local regulatory requirements, which may differ from PRA rules. (3) Multilateral development bank abbreviated to MDB, public sector entities abbreviated to PSE and government sponsored entities abbreviated to GSE. (4) Includes Level 2A and Level 2B. (5) High-quality liquid assets abbreviated to HQLA.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 22 Capital and risk management continued Credit risk Segment analysis – portfolio summary The table below shows gross loans and expected credit loss (ECL), by segment and stage, within the scope of the IFRS 9 ECL framework. 30 September 2026 31 December 2025 Private Banking Private Banking Retail & Wealth Commercial Central items Retail & Wealth Commercial Central items Banking Management & Institutional & other Total Banking Management & Institutional & other Total £m £m £m £m £m £m £m £m £m £m Loans - amortised cost and FVOCI (1,2) Stage 1 203,263 17,723 149,701 42,210 412,897 196,325 17,552 138,769 34,005 386,651 Stage 2 20,759 1,172 25,273 50 47,254 19,113 1,115 18,289 65 38,582 Stage 3 2,561 396 1,772 - 4,729 2,231 348 2,102 2 4,683 Of which: individual - 334 741 - 1,075 - 276 1,180 - 1,456 Of which: collective 2,561 62 1,031 - 3,654 2,231 72 922 2 3,227 Total 226,583 19,291 176,746 42,260 464,880 217,669 19,015 159,160 34,072 429,916 ECL provisions (3) Stage 1 317 15 299 7 638 335 13 256 10 614 Stage 2 494 15 407 2 918 424 13 357 2 796 Stage 3 1,127 53 866 - 2,046 1,075 50 1,048 2 2,175 Of which: individual - 53 360 - 413 - 50 548 - 598 Of which: collective 1,127 - 506 - 1,633 1,075 - 500 2 1,577 Total 1,938 83 1,572 9 3,602 1,834 76 1,661 14 3,585 ECL provisions coverage (4) Stage 1 (%) 0.16 0.08 0.20 0.02 0.15 0.17 0.07 0.18 0.03 0.16 Stage 2 (%) 2.38 1.28 1.61 4.00 1.94 2.22 1.17 1.95 3.08 2.06 Stage 3 (%) 44.01 13.38 48.87 - 43.26 48.18 14.37 49.86 100.00 46.44 Total 0.86 0.43 0.89 0.02 0.77 0.84 0.40 1.04 0.04 0.83 (1) The table shows gross loans only and excludes amounts that were outside the scope of the ECL framework. Other financial assets within the scope of the IFRS 9 ECL framework were cash and balances at central banks totalling £69.2 billion (31 December 2025 – £84.1 billion) and debt securities of £88.6 billion (31 December 2025 – £78.4 billion). (2) Fair value through other comprehensive income (FVOCI). Includes loans to customers and banks. (3) Includes £11 million (31 December 2025 – £6 million) related to assets classified as FVOCI and £0.1 billion (31 December 2025 – £0.1 billion) related to off-balance sheet exposures. (4) ECL provisions coverage is calculated as ECL provisions divided by loans – amortised cost and FVOCI. It is calculated on loans and total ECL provisions, including ECL for other (non-loan) assets and unutilised exposure. Some segments with a high proportion of debt securities or unutilised exposure may result in a not meaningful (nm) coverage ratio. Segment analysis – loans •Retail Banking – Year-to-date balance sheet growth was primarily in the mortgage portfolio. Unsecured flows into Stage 3 increased during the year, largely reflecting the maturation of credit card cohorts originated through strategic new business growth since 2022. Performing book ECL coverage remained stable in the quarter but marginally above the 2025 year-end position, reflecting continued macroeconomic uncertainty. Overall Retail Banking ECL coverage increased in the quarter, reflecting a Stage 3 balance increase with lower levels of Stage 3 exits through write-off and debt sales. •Commercial & Institutional – Balance sheet growth was mainly across strategic areas in financial institutions and corporates. Performing book provisions increased reflecting continued macroeconomic uncertainty through updated economic inputs along with an increase in post model adjustments. Total provision balances and coverage reduced as write-offs more than offset the increase in the performing book ECL and new flows into default, which remain low compared to recent years.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 23 Capital and risk management continued Credit risk continued Movement in ECL provision The table below shows the main ECL provision movements during the year. ECL provision £m At 1 January 2026 3,585 Changes in economic forecasts 121 Changes in risk metrics and exposure: Stage 1 and Stage 2 8 Changes in risk metrics and exposure: Stage 3 600 Judgemental changes: changes in post model adjustments for Stages 1-3 19 Write-offs and other (731) At 30 September 2026 3,602 Key points •ECL remained broadly stable in the first nine months of the year. •Performing book ECL increases, supported by updates to economic forecast alongside continued balance growth, were largely offset by Stage 3 ECL reduction. •Stage 3 exits through write-offs and debt sales tracked above new Stage 3 inflows. ECL post model adjustments The table below shows ECL post model adjustments. Private Banking Retail Banking & Wealth Commercial Mortgages Other Management & Institutional Total 30 September 2026 £m £m £m £m £m Economic uncertainty 32 56 11 189 288 Other adjustments - 8 2 17 27 Total 32 64 13 206 315 Of which: - Stage 1 28 33 3 69 133 - Stage 2 4 27 10 137 178 - Stage 3 - 4 - - 4 31 December 2025 Deferred model calibrations - - 1 14 15 Economic uncertainty 44 42 11 149 246 Other adjustments - 19 - 16 35 Total 44 61 12 179 296 Of which: - Stage 1 33 38 4 73 148 - Stage 2 11 20 8 106 145 - Stage 3 - 3 - - 3 Retail Banking •As at 30 September 2026, the post model adjustment for economic uncertainty remained broadly stable at £88 million (31 December 2025 – £86 million) with a reduced requirement for mortgages offset by an increase in credit cards. This reflected growth and maturation in credit card balances and continued resilience in mortgage credit performance. The economic uncertainty post model adjustment continued to address risks in segments of the Retail Banking portfolio considered more susceptible to affordability pressures. This includes customers with over indebtedness, weaker credit card affordability status and lower income customers exposed to fuel poverty. •An £8 million (31 December 2025 – £19 million) post model adjustment remains as a judgemental measure while additional loss data is accumulated on the recently migrated Sainsbury’s Bank lending portfolio. Commercial & Institutional •As at 30 September 2026, the post model adjustment for economic uncertainty increased to £189 million (31 December 2025 – £149 million). The adjustments reflect continued economic uncertainty arising from the Middle East conflict including second order impacts for sectors considered most vulnerable. •The remaining post model adjustments relate to refinance risk and to mitigate the effects of operational timing delays in identifying significant increases in credit risk.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 24 Capital and risk management continued Credit risk continued Sector analysis – portfolio summary The table below shows financial assets and off-balance sheet exposures gross of ECL and related ECL provisions, impairment and past due by sector, asset quality and geographical region. Personal Non-Personal Credit Other Corporate and Financial Mortgages (1) cards personal Total other institutions (2) Sovereign Total Total 30 September 2026 £m £m £m £m £m £m £m £m £m Loans by geography 223,530 8,508 11,737 243,775 126,078 94,326 701 221,105 464,880 - UK 223,530 8,508 11,737 243,775 107,011 52,923 73 160,007 403,782 - Other Europe - - - - 7,028 22,856 113 29,997 29,997 - RoW - - - - 12,039 18,547 515 31,101 31,101 Loans by asset quality (3) 223,530 8,508 11,737 243,775 126,078 94,326 701 221,105 464,880 - AQ1-AQ4 147,291 117 927 148,335 51,873 87,471 187 139,531 287,866 - AQ5-AQ8 73,308 7,933 9,622 90,863 72,281 6,700 145 79,126 169,989 - AQ9 1,301 143 235 1,679 250 13 355 618 2,297 - AQ10 1,630 315 953 2,898 1,674 142 14 1,830 4,728 Loans by stage 223,530 8,508 11,737 243,775 126,078 94,326 701 221,105 464,880 - Stage 1 205,051 5,604 9,093 219,748 99,556 93,262 331 193,149 412,897 - Stage 2 16,849 2,589 1,690 21,128 24,848 922 356 26,126 47,254 - Stage 3 1,630 315 954 2,899 1,674 142 14 1,830 4,729 - Of which: individual 225 - 28 253 673 135 14 822 1,075 - Of which: collective 1,405 315 926 2,646 1,001 7 - 1,008 3,654 Loans - past due analysis 223,530 8,508 11,737 243,775 126,078 94,326 701 221,105 464,880 - Not past due 220,481 8,127 10,734 239,342 121,714 94,114 690 216,518 455,860 - Past due 1-30 days 1,615 78 100 1,793 3,238 93 - 3,331 5,124 - Past due 31-90 days 549 90 124 763 449 4 - 453 1,216 - Past due 91-180 days 316 79 118 513 88 - - 88 601 - Past due >180 days 569 134 661 1,364 589 115 11 715 2,079 Loans - Stage 2 16,849 2,589 1,690 21,128 24,848 922 356 26,126 47,254 - Not past due 15,370 2,484 1,558 19,412 23,525 915 356 24,796 44,208 - Past due 1-30 days 1,190 48 51 1,289 1,032 4 - 1,036 2,325 - Past due 31-90 days 289 57 81 427 291 3 - 294 721 Weighted average life - ECL measurement (years) 8 5 6 6 6 4 nm 6 6 Weighted average 12 months PDs - IFRS 9 (%) 0.42 3.74 5.16 0.75 1.29 0.17 12.57 0.84 0.80 - Basel (%) 0.65 4.01 4.16 0.90 1.00 0.16 12.82 0.67 0.79 ECL provisions by geography 272 622 1,088 1,982 1,453 149 18 1,620 3,602 - UK 272 622 1,088 1,982 1,302 99 6 1,407 3,389 - Other Europe - - - - 101 9 - 110 110 - RoW - - - - 50 41 12 103 103 For the notes to this table refer to page 27.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 25 Capital and risk management continued Credit risk continued Sector analysis – portfolio summary continued Personal Non-Personal Credit Other Corporate and Financial Mortgages (1) cards personal Total other institutions (2) Sovereign Total Total 30 September 2026 £m £m £m £m £m £m £m £m £m ECL provisions by stage 272 622 1,088 1,982 1,453 149 18 1,620 3,602 - Stage 1 44 112 165 321 281 29 7 317 638 - Stage 2 31 257 208 496 410 8 4 422 918 - Stage 3 197 253 715 1,165 762 112 7 881 2,046 - Of which: individual 13 - 19 32 265 109 7 381 413 - Of which: collective 184 253 696 1,133 497 3 - 500 1,633 ECL provisions coverage (%) 0.12 7.31 9.27 0.81 1.15 0.16 2.57 0.73 0.77 - Stage 1 (%) 0.02 2.00 1.81 0.15 0.28 0.03 2.11 0.16 0.15 - Stage 2 (%) 0.18 9.93 12.31 2.35 1.65 0.87 1.12 1.62 1.94 - Stage 3 (%) 12.09 80.32 74.95 40.19 45.52 78.87 50.00 48.14 43.26 Loans by residual maturity 223,530 8,508 11,737 243,775 126,078 94,326 701 221,105 464,880 - ≤1 year 2,196 1,845 2,689 6,730 35,162 66,431 115 101,708 108,438 - >1 and ≤5 year 8,324 6,663 6,419 21,406 56,946 21,759 75 78,780 100,186 - >5 and ≤15 year 44,055 - 2,306 46,361 25,142 6,029 300 31,471 77,832 - >15 year 168,955 - 323 169,278 8,828 107 211 9,146 178,424 Other financial assets by asset quality (3) - - - - 5,140 27,130 125,535 157,805 157,805 - AQ1-AQ4 - - - - 5,139 25,823 125,515 156,477 156,477 - AQ5-AQ8 - - - - 1 1,307 20 1,328 1,328 Off-balance sheet 14,171 21,109 7,245 42,525 81,976 24,927 451 107,354 149,879 - Loan commitments 14,171 21,109 7,210 42,490 78,556 23,243 450 102,249 144,739 - Contingent liabilities - - 35 35 3,420 1,684 1 5,105 5,140 Off-balance sheet by asset quality (3) 14,171 21,109 7,245 42,525 81,976 24,927 451 107,354 149,879 - AQ1-AQ4 13,277 428 5,801 19,506 53,284 22,695 34 76,013 95,519 - AQ5-AQ8 880 20,592 1,408 22,880 28,362 2,200 131 30,693 53,573 - AQ9 4 12 6 22 25 - 286 311 333 - AQ10 10 77 30 117 305 32 - 337 454 For the notes to this table refer to page 27.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 26 Capital and risk management continued Credit risk continued Sector analysis – portfolio summary continued Personal Non-Personal Credit Other Corporate and Financial Mortgages (1) cards personal Total other institutions (2) Sovereign Total Total 31 December 2025 £m £m £m £m £m £m £m £m £m Loans by geography 215,229 8,311 11,401 234,941 118,229 74,456 2,290 194,975 429,916 - UK 215,220 8,311 11,401 234,932 101,441 45,700 1,477 148,618 383,550 - Other Europe 9 - - 9 7,010 14,059 351 21,420 21,429 - RoW - - - - 9,778 14,697 462 24,937 24,937 Loans by asset quality (3) 215,229 8,311 11,401 234,941 118,229 74,456 2,290 194,975 429,916 - AQ1-AQ4 120,519 117 877 121,513 46,282 68,774 1,879 116,935 238,448 - AQ5-AQ8 92,296 7,817 9,360 109,473 69,665 5,535 131 75,331 184,804 - AQ9 1,075 135 208 1,418 292 6 265 563 1,981 - AQ10 1,339 242 956 2,537 1,990 141 15 2,146 4,683 Loans by stage 215,229 8,311 11,401 234,941 118,229 74,456 2,290 194,975 429,916 - Stage 1 197,939 5,988 8,977 212,904 97,779 73,959 2,009 173,747 386,651 - Stage 2 15,951 2,081 1,468 19,500 18,460 356 266 19,082 38,582 - Stage 3 1,339 242 956 2,537 1,990 141 15 2,146 4,683 - Of which: individual 167 1 25 193 1,112 136 15 1,263 1,456 - Of which: collective 1,172 241 931 2,344 878 5 - 883 3,227 Loans - past due analysis 215,229 8,311 11,401 234,941 118,229 74,456 2,290 194,975 429,916 - Not past due 212,492 7,993 10,388 230,873 114,895 74,257 2,275 191,427 422,300 - Past due 1-30 days 1,510 71 92 1,673 2,261 137 - 2,398 4,071 - Past due 31-90 days 469 86 130 685 274 8 - 282 967 - Past due 91-180 days 275 62 104 441 110 6 - 116 557 - Past due >180 days 483 99 687 1,269 689 48 15 752 2,021 Loans - Stage 2 15,951 2,081 1,468 19,500 18,460 356 266 19,082 38,582 - Not past due 14,521 1,979 1,335 17,835 17,605 343 266 18,214 36,049 - Past due 1-30 days 1,138 41 48 1,227 610 5 - 615 1,842 - Past due 31-90 days 292 61 85 438 245 8 - 253 691 Weighted average life - ECL measurement (years) 9 4 6 5 7 4 nm 6 6 Weighted average 12 months PDs - IFRS 9 (%) 0.46 3.68 5.05 0.77 1.18 0.14 5.40 0.83 0.80 - Basel (%) 0.62 3.91 3.52 0.85 1.04 0.15 5.40 0.75 0.80 ECL provisions by geography 272 520 1,088 1,880 1,532 155 18 1,705 3,585 - UK 270 520 1,088 1,878 1,367 103 5 1,475 3,353 - Other Europe 2 - - 2 104 10 1 115 117 - RoW - - - - 61 42 12 115 115 For the notes to this table refer to the following page.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 27 Capital and risk management continued Credit risk continued Sector analysis – portfolio summary continued Personal Non-Personal Credit Other Corporate and Financial Mortgages (1) cards personal Total other institutions (2) Sovereign Total Total 31 December 2025 £m £m £m £m £m £m £m £m £m ECL provisions by stage 272 520 1,088 1,880 1,532 155 18 1,705 3,585 - Stage 1 45 125 172 342 228 37 7 272 614 - Stage 2 36 205 185 426 360 5 5 370 796 - Stage 3 191 190 731 1,112 944 113 6 1,063 2,175 - Of which: individual 16 1 12 29 453 110 6 569 598 - Of which: collective 175 189 719 1,083 491 3 - 494 1,577 ECL provisions coverage (%) 0.13 6.26 9.54 0.80 1.30 0.21 0.79 0.87 0.83 - Stage 1 (%) 0.02 2.09 1.92 0.16 0.23 0.05 0.35 0.16 0.16 - Stage 2 (%) 0.23 9.85 12.60 2.18 1.95 1.40 1.88 1.94 2.06 - Stage 3 (%) 14.26 78.51 76.46 43.83 47.44 80.14 40.00 49.53 46.44 Loans by residual maturity 215,229 8,311 11,401 234,941 118,229 74,456 2,290 194,975 429,916 - ≤1 year 2,764 1,856 2,736 7,356 33,768 52,130 1,765 87,663 95,019 - >1 and ≤5 year 8,332 6,452 6,898 21,682 51,723 18,262 77 70,062 91,744 - > 5 and ≤ 15 year 42,759 3 1,772 44,534 24,136 4,016 290 28,442 72,976 - > 15 year 161,374 - (5) 161,369 8,602 48 158 8,808 170,177 Other financial assets by asset quality (3) - - - - 4,513 28,490 129,532 162,535 162,535 - AQ1-AQ4 - - - - 4,506 28,301 129,532 162,339 162,339 - AQ5-AQ8 - - - - 7 189 - 196 196 Off-balance sheet 14,799 22,696 7,550 45,045 78,604 23,031 501 102,136 147,181 - Loan commitments 14,799 22,696 7,514 45,009 75,723 21,555 501 97,779 142,788 - Contingent liabilities - - 36 36 2,881 1,476 - 4,357 4,393 Off-balance sheet by asset quality (3) 14,799 22,696 7,550 45,045 78,604 23,031 501 102,136 147,181 - AQ1-AQ4 13,926 415 6,140 20,481 50,709 21,030 114 71,853 92,334 - AQ5-AQ8 859 22,205 1,283 24,347 27,525 1,924 12 29,461 53,808 - AQ9 4 11 12 27 61 - 375 436 463 - AQ10 10 65 115 190 309 77 - 386 576 (1) Includes a portion of Private Banking & Wealth Management lending secured against residential real estate, in line with ECL calculation methodology. Private Banking & Wealth Management and RBS International personal products are reported in UK, reflecting the country of lending origination and includes crown dependencies. (2) Included within financial institutions is funds lending of £23.1 billion, including £18.1 billion subscription lines financing and £5.0 billion net asset value financing, and £12.6 billion of securitisation classified as private credit securitisation. Private credit securitisation is defined as senior securitisation financing secured on diversified portfolios of private loans to corporates. (3) AQ bandings are based on Basel PDs and mapping is as follows: Internal asset quality band Probability of default range Indicative S&P rating Internal asset quality band Probability of default range Indicative S&P rating AQ1 0% - 0.034% AAA to AA AQ6 1.076% - 2.153% BB- to B+ AQ2 0.034% - 0.048% AA to AA- AQ7 2.153% - 6.089% B+ to B AQ3 0.048% - 0.095% A+ to A AQ8 6.089% - 17.222% B- to CCC+ AQ4 0.095% - 0.381% BBB+ to BBB- AQ9 17.222% - 100% CCC to C AQ5 0.381% - 1.076% BB+ to BB AQ10 100% D

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 28 Capital and risk management continued Credit risk continued Sector analysis – portfolio summary continued The table below shows ECL by stage, for the Personal portfolio and Non-Personal portfolio, including the three largest borrowing sector clusters included in corporate and other. Loans - amortised cost and FVOCI Off-balance sheet ECL provisions Loan Contingent Stage 1 Stage 2 Stage 3 Total commitments liabilities Stage 1 Stage 2 Stage 3 Total 30 September 2026 £m £m £m £m £m £m £m £m £m £m Personal 219,748 21,128 2,899 243,775 42,490 35 321 496 1,165 1,982 Mortgages (1) 205,051 16,849 1,630 223,530 14,171 - 44 31 197 272 Credit cards 5,604 2,589 315 8,508 21,109 - 112 257 253 622 Other personal 9,093 1,690 954 11,737 7,210 35 165 208 715 1,088 Non-Personal 193,149 26,126 1,830 221,105 102,249 5,105 317 422 881 1,620 Financial institutions (2) 93,262 922 142 94,326 23,243 1,684 29 8 112 149 Sovereign 331 356 14 701 450 1 7 4 7 18 Corporate and other 99,556 24,848 1,674 126,078 78,556 3,420 281 410 762 1,453 Of which: Commercial real estate 19,610 1,408 294 21,312 6,117 141 64 24 116 204 Mobility and logistics 11,733 6,376 97 18,206 11,272 558 28 57 41 126 Consumer industries 12,086 3,953 378 16,417 12,245 573 40 88 210 338 Total 412,897 47,254 4,729 464,880 144,739 5,140 638 918 2,046 3,602 31 December 2025 Personal 212,904 19,500 2,537 234,941 45,009 36 342 426 1,112 1,880 Mortgages (1) 197,939 15,951 1,339 215,229 14,799 - 45 36 191 272 Credit cards 5,988 2,081 242 8,311 22,696 - 125 205 190 520 Other personal 8,977 1,468 956 11,401 7,514 36 172 185 731 1,088 Non-Personal 173,747 19,082 2,146 194,975 97,779 4,357 272 370 1,063 1,705 Financial institutions (2) 73,959 356 141 74,456 21,555 1,476 37 5 113 155 Sovereign 2,009 266 15 2,290 501 - 7 5 6 18 Corporate and other 97,779 18,460 1,990 118,229 75,723 2,881 228 360 944 1,532 Of which: Commercial real estate 17,838 1,272 294 19,404 6,646 162 55 22 120 197 Mobility and logistics 13,021 4,312 81 17,414 10,194 520 24 45 40 109 Consumer industries 12,875 2,912 389 16,176 11,149 496 33 68 199 300 Total 386,651 38,582 4,683 429,916 142,788 4,393 614 796 2,175 3,585 (1) As at 30 September 2026, £149.7 billion, 67.0%, of the total residential mortgages portfolio had Energy Performance Certificate (EPC) data available (31 December 2025 – £144.2 billion, 67.0%). Of which, 51.1% were rated as EPC A to C (31 December 2025 – 48.8%). (2) Includes transactions, such as securitisations, where the underlying risk may be in other sectors.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 29 Condensed consolidated income statement for the period ended 30 September 2026 (unaudited) Nine months ended Quarter ended 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 £m £m £m £m £m Interest receivable 19,921 19,155 6,878 6,622 6,482 Interest payable (9,472) (9,767) (3,319) (3,126) (3,214) Net interest income 10,449 9,388 3,559 3,496 3,268 Fees and commissions receivable 2,663 2,412 953 878 804 Fees and commissions payable (587) (552) (194) (193) (184) Trading income 526 974 140 233 399 Other operating income 451 95 182 90 45 Non-interest income 3,053 2,929 1,081 1,008 1,064 Total income 13,502 12,317 4,640 4,504 4,332 Staff costs (3,236) (3,193) (1,102) (1,048) (1,064) Premises and equipment (976) (906) (348) (316) (319) Other administrative expenses (1,130) (1,060) (336) (430) (315) Depreciation and amortisation (917) (855) (352) (285) (298) Operating expenses (6,259) (6,014) (2,138) (2,079) (1,996) Profit before impairment losses 7,243 6,303 2,502 2,425 2,336 Impairment losses (700) (535) (277) (140) (153) Operating profit before tax 6,543 5,768 2,225 2,285 2,183 Tax charge (1,748) (1,412) (610) (612) (502) Profit for the period 4,795 4,356 1,615 1,673 1,681 Attributable to: Ordinary shareholders 4,567 4,086 1,532 1,603 1,598 Paid-in equity holders 231 268 82 76 82 Non-controlling interests (3) 2 1 (6) 1 4,795 4,356 1,615 1,673 1,681 Earnings per share attributable to ordinary shareholders - basic 57.4p 50.7p 19.3p 20.1p 19.8p Earnings per share attributable to ordinary shareholders - diluted 56.9p 50.2p 19.1p 20.0p 19.6p

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 30 Condensed consolidated statement of comprehensive income for the period ended 30 September 2026 (unaudited) Nine months ended Quarter ended 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 £m £m £m £m £m Profit for the period 4,795 4,356 1,615 1,673 1,681 Items that do not qualify for reclassification Remeasurement of retirement benefit schemes 29 20 22 2 11 Changes in fair value of financial liabilities designated at fair value through profit or loss (FVTPL) due to changes in own credit risk 14 (11) 8 (11) (10) Fair value through other comprehensive income (FVOCI) financial assets 5 54 3 - 5 Tax (6) (10) (7) (1) (8) 42 53 26 (10) (2) Items that do qualify for reclassification FVOCI financial assets 23 76 (40) 31 13 Cash flow hedges (1) (792) 778 (756) 132 120 Currency translation (171) (18) (18) (66) 77 Tax 197 (224) 211 (46) (32) (743) 612 (603) 51 178 Other comprehensive (loss)/income after tax (701) 665 (577) 41 176 Total comprehensive income for the period 4,094 5,021 1,038 1,714 1,857 Attributable to: Ordinary shareholders 3,866 4,751 955 1,644 1,774 Paid-in equity holders 231 268 82 76 82 Non-controlling interests (3) 2 1 (6) 1 4,094 5,021 1,038 1,714 1,857 (1) Refer to footnotes 4 and 5 of the Condensed consolidated statement of changes in equity.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 31 Condensed consolidated balance sheet as at 30 September 2026 (unaudited) 30 September 31 December 2026 2025 £m £m Assets Cash and balances at central banks 70,176 85,182 Trading assets 46,590 46,537 Derivatives 65,684 60,789 Settlement balances 8,065 645 Loans to banks - amortised cost 10,831 6,958 Loans to customers - amortised cost 449,005 418,881 Other financial assets 89,856 79,770 Other assets (including intangible assets) 18,495 15,791 Total assets 758,702 714,553 Liabilities Bank deposits 55,528 44,092 Customer deposits 454,346 442,998 Settlement balances 8,710 942 Trading liabilities 49,749 49,022 Derivatives 59,154 53,974 Other financial liabilities 74,874 67,599 Subordinated liabilities 5,473 6,123 Notes in circulation 3,100 3,164 Other liabilities 4,118 4,026 Total liabilities 715,052 671,940 Equity Ordinary shareholders' interests 38,569 38,028 Other owners' interests 5,070 4,571 Owners' equity 43,639 42,599 Non-controlling interests 11 14 Total equity 43,650 42,613 Total liabilities and equity 758,702 714,553

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 32 Condensed consolidated statement of changes in equity for the period ended 30 September 2026 (unaudited) Share Other Other reserves Total Non- capital and Paid-in statutory Retained Cash flow Foreign owners' controlling Total share premium equity reserves (3) earnings Fair value hedging (4,5) exchange (6) Merger equity interests equity £m £m £m £m £m £m £m £m £m £m £m At 1 January 2026 10,021 4,571 2,613 14,419 13 (752) 833 10,881 42,599 14 42,613 Profit attributable to ordinary shareholders and other equity owners 4,798 4,798 (3) 4,795 Other comprehensive income Remeasurement of retirement benefit schemes 29 29 29 Changes in fair value of financial liabilities designated at FVTPL due to changes in own credit risk 14 14 14 Unrealised gains 67 67 67 Amounts recognised in equity (1,015) (1,015) (1,015) Retranslation of net assets (99) (99) (99) Gains on hedges of net assets 58 58 58 Reclassification of OCI to Income statement (39) 223 (130) 54 54 Tax (9) (2) 208 (6) 191 191 Total comprehensive income/(loss) - - - 4,832 26 (584) (177) - 4,097 (3) 4,094 Transactions with owners Ordinary share dividends paid (2,789) (2,789) - (2,789) Paid-in equity dividends paid (231) (231) (231) Paid-in equity issued (1) 499 499 499 Shares repurchased (2) (115) 115 (686) (686) (686) Sharing in success (13) (13) (13) Employee share schemes 50 50 50 Shares vested under employee share schemes 115 115 115 Share-based remuneration (2) (2) (2) At 30 September 2026 9,906 5,070 2,843 15,580 39 (1,336) 656 10,881 43,639 11 43,650 For the notes to this table, refer to the following page.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 33 Condensed consolidated statement of changes in equity continued Share Other Other reserves Total Non- capital and Paid-in statutory Retained Cash flow Foreign owners' controlling Total share premium equity reserves (3) earnings Fair value hedging (4,5) exchange Merger equity interests equity £m £m £m £m £m £m £m £m £m £m £m At 1 January 2025 10,133 5,280 2,350 11,426 (103) (1,443) 826 10,881 39,350 28 39,378 Profit attributable to ordinary shareholders and other equity owners 4,354 4,354 2 4,356 Other comprehensive income Realised gains in period on FVOCI equity shares 25 (25) - - Remeasurement of retirement benefit schemes 20 20 20 Changes in fair value of financial liabilities designated at FVTPL due to changes in own credit risk (11) (11) (11) Unrealised gains 129 129 129 Amounts recognised in equity 17 17 17 Retranslation of net assets 43 43 43 Losses on hedges of net assets (90) (90) (90) Reclassification of OCI to Income statement 1 761 29 791 791 Tax (9) (24) (221) 20 (234) (234) Total comprehensive income - - - 4,379 81 557 2 - 5,019 2 5,021 Transactions with owners Ordinary share dividends paid (2,018) (2,018) - (2,018) Redemption of paid-in equity (736) (109) (845) (845) Paid-in equity dividends paid (268) (268) (268) Paid-in equity issued (1) 1,248 1,248 1,248 Purchase of non-controlling interest (10) (10) (11) (21) Shares repurchased (2) (62) 62 (304) (304) (304) Employee share schemes 76 76 76 Shares vested under employee share schemes 124 124 124 Share-based remuneration (10) (10) (10) At 30 September 2025 10,071 5,792 2,536 13,162 (22) (886) 828 10,881 42,362 19 42,381 (1) After netting of issuance fees of £1.5 million (September 2025 – £2.8 million), and the associated tax credit of £0.4 million (September 2025 – £0.7 million). (2) As part of the on-market share buyback programmes NatWest Group plc repurchased and cancelled 108.6 million shares (September 2025 – 58.9 million shares), of which 1.5 million shares were settled in October 2026. The total consideration for these shares excluding fees was £678.8 million (September 2025 – £308.3 million), of which £10.5 million was settled in October 2026. Included in the retained earnings reserve movement is 1.4 million shares which were repurchased and cancelled in December 2025 and settled in January 2026 for a total consideration of £9.0 million. The nominal value of the share cancellations was transferred to the Capital redemption reserve. (3) Consists of Capital redemption reserves of £3,445 million (September 2025 - £3,280 million) and Own shares held reserves of (£602) million (September 2025 – (£744) million). (4) The change in the Cash flow hedging reserve is driven by realised accrued interest transferred into the income statement and an increase in swap rates in the period, where the portfolio of swaps are net receive fixed from an interest rate risk perspective. (5) The amount transferred from equity to the income statement is mostly recorded within net interest income mainly within loans to banks and customers – amortised cost, balances at central banks, bank deposits and customer deposits. (6) Includes foreign exchange reserves recycling arising from the wind-down of Ulydien Designated Activity Company (£92 million) and capital repatriation from NatWest Markets Group Holdings Corporation (£38 million).

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 34 Notes 1. Presentation of condensed consolidated financial statements The condensed consolidated financial statements have been prepared in accordance with the accounting policies set out in the NatWest Group plc 2025 Annual Report and Accounts, as updated in the NatWest Group 2026 Interim Results Announcement. The directors have prepared the condensed consolidated financial statements on a going concern basis after assessing the principal risks, forecasts, projections and other relevant evidence over the twelve months from the date they are approved. 2. Litigation and regulatory matters NatWest Group plc’s Interim Results 2026, issued on 31 July 2026, included disclosures about NatWest Group's litigation and regulatory matters in Note 15. Set out below are the material developments in those matters (all of which matters have been previously disclosed) since publication of the Interim Results 2026. Litigation Swaps antitrust litigation In June 2021, a class action antitrust complaint was filed against a number of credit default swap dealers in New Mexico federal court on behalf of persons who, from 2005 onwards, settled credit default swaps in the United States by reference to the ISDA credit default swap auction protocol. The complaint alleges that the defendants conspired to manipulate that benchmark through various means in violation of the antitrust laws and the Commodity Exchange Act. In May 2025, the US Court of Appeals affirmed an earlier decision by the Southern District of New York which barred the plaintiffs in the New Mexico case from pursuing claims based on conduct occurring before 30 June 2014 on the ground that such claims were extinguished by a 2015 settlement agreement that resolved a prior class action relating to credit default swaps. On 29 June 2026, the New Mexico district court also held, based on the prior settlement, that the plaintiffs are barred from pursuing claims based on conduct occurring before 30 June 2014. The district court gave plaintiffs 30 days to file an amended complaint based on conduct occurring after that date, as to which defendants will have an opportunity to seek dismissal. Spoofing litigation In December 2021, three substantially similar class action complaints were filed in federal court in the United States against NWM Plc and NWMSI alleging Commodity Exchange Act and common law unjust enrichment claims arising from manipulative trading known as spoofing. The complaints refer to NWM Plc’s December 2021 spoofing-related guilty plea (described below under “US investigations relating to fixed-income securities”) and purport to assert claims on behalf of those who transacted in US Treasury securities and futures and options on US Treasury securities between 2008 and 2018. In July 2022, the defendants filed a motion to dismiss these claims, which have been consolidated into one matter in the United States District Court for the Northern District of Illinois. In September 2026, the motion to dismiss was granted without prejudice and with leave to amend. Regulatory matters Investment advice review In October 2019, the FCA notified NatWest Group of its intention to appoint a Skilled Person under section 166 of the Financial Services and Markets Act 2000 to conduct a review of whether NatWest Group’s past business review of investment advice provided during 2010 to 2015 was subject to appropriate governance and accountability, and led to appropriate customer outcomes. The Skilled Person’s review concluded in 2021. NatWest Group subsequently undertook a programme to remediate all affected customers, providing regular updates to the FCA. This work has been completed and the programme is now closed. 3. Post balance sheet events On 13 October 2026, NatWest Group plc issued $1.0 billion of Senior Callable Fixed Rate Notes at a coupon rate of 5.908%, which settled on 16 October 2026. As part of the ongoing on-market share buyback programme, NatWest Group plc has repurchased and cancelled a further 24.02 million shares since 30 September 2026 for a total consideration (excluding fees) of £155.98 million. There have been no other significant events between 30 September 2026 and the date of approval of this announcement which would require a change to, or additional disclosure, in the announcement.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 35 Additional information Presentation of information ‘Parent company’ refers to NatWest Group plc and ‘NatWest Group’, ‘Group’ or ‘we’ refers to NatWest Group plc and its subsidiaries. The term ‘NWH Group’ refers to NatWest Holdings Limited (‘NWH Limited’) and its subsidiary and associated undertakings. The term ‘NWM Group’ refers to NatWest Markets Plc (‘NWM Plc’) and its subsidiary and associated undertakings. The term RBSH N.V. refers to RBS Holdings N.V. The term NWM N.V. Group refers to NatWest Markets N.V. and its subsidiary and associated undertakings. The term ‘NWMSI’ refers to NatWest Markets Securities, Inc. The term ‘RBS plc’ refers to The Royal Bank of Scotland plc. The term ‘NWB Plc’ refers to National Westminster Bank Plc. The term RBSI Ltd refers to The Royal Bank of Scotland International Limited. NatWest Group publishes its financial statements in pounds sterling (‘£’ or ‘sterling’). The abbreviations ‘£m’ and ‘£bn’ represent millions and thousands of millions of pounds sterling, respectively, and references to ‘pence’ or ‘p’ represent pence where the amounts are denominated in pounds sterling (‘GBP’). Reference to ‘dollars’ or ‘$’ are to United States of America (‘US’) dollars. The abbreviations ‘$m’ and ‘$bn’ represent millions and thousands of millions of dollars, respectively. The abbreviation ‘€’ represents the ‘euro’, and the abbreviations ‘€m’ and ‘€bn’ represent millions and thousands of millions of euros, respectively. Statutory accounts Financial information contained in this document does not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006 (‘the Act’). The statutory accounts for the year ended 31 December 2025 have been filed with the Registrar of Companies. The report of the auditor on those statutory accounts was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under section 498(2) or (3) of the Act. Contacts Analyst enquiries: Claire Kane, Investor Relations +44 (0) 20 7672 1758 Media enquiries: NatWest Group Press Office +44 (0) 7557 316 540 Management presentation Date: Time: Zoom ID: 30 October 2026 9am BST 952 3650 0127 Registered office 36 St Andrew Square, Edinburgh EH2 2YB. Registered in Scotland No. SC045551 Available on natwestgroup.com/results •Q3 2026 Interim Management Statement and background slides. •A financial supplement containing income statement, balance sheet and segment performance for four quarters ended 30 September 2026. •NatWest Group Pillar 3 at 30 September 2026.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 36 Additional information continued Forward-looking statements This document may include forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, such as statements with respect to NatWest Group’s financial condition, results of operations and business, including its strategic priorities, financial, investment and capital targets, and climate and sustainability-related targets, commitments and ambitions described herein. Statements that are not historical facts, including statements about NatWest Group’s beliefs and expectations, are forward-looking statements. Words, such as ‘expect’, ‘estimate’, ‘project’, ‘anticipate’, ‘commit’, ‘believe’, ‘should’, ‘intend’, ‘will’, ‘plan’, ‘could’, ‘target’, ‘goal’, ‘objective’, ‘may’, ‘outlook’, ‘prospects’ and similar expressions or variations on these expressions are intended to identify forward-looking statements. In particular, this document may include forward-looking statements relating, but not limited to: NatWest Group’s outlook, guidance and targets (including in relation to RoTE, total income, other operating expenses, loan impairment rate, capital generation pre-distributions, customer assets and liabilities growth rate, cost:income ratio, CET1 ratio, RWA levels and payment of dividends), its financial position, profitability and financial performance, the implementation of its strategy, its access to adequate sources of liquidity and funding, its regulatory capital position and related requirements, its impairment losses and credit exposures under certain specified scenarios, substantial regulation and oversight, ongoing legal, regulatory and governmental actions and investigations. Forward-looking statements are subject to a number of risks and uncertainties that might cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statements. Factors that could cause or contribute to differences in current expectations include, but are not limited to, future growth initiatives (including acquisitions, joint ventures and strategic partnerships), the outcome of legal, regulatory and governmental actions and investigations, the level and extent of future impairments and write-downs, legislative, political, fiscal and regulatory developments, accounting standards, competitive conditions, technological developments such as artificial intelligence, interest and exchange rate fluctuations, general economic and political conditions and uncertainties, exposure to third party risk, operational risk, conduct risk, cyber, data and IT risk, financial crime risk, key person risk and credit rating risk and the impact of climate and sustainability-related risks and the transitioning to a net zero economy. These and other factors, risks and uncertainties that may impact any forward- looking statement or NatWest Group plc's actual results are discussed in NatWest Group plc's 2025 Annual Report on Form 20-F, NatWest Group’s Interim Management Statements for Q1, H1 and Q3 2026 on Form 6-K, and its other public filings. The forward-looking statements contained in this document speak only as of the date of this document and NatWest Group plc does not assume or undertake any obligation or responsibility to update any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except to the extent legally required. Caution on non-financial reporting The processes we have adopted to define, collect and report data on our climate and sustainability-related performance, as well as the associated metrics and disclosures in this document, are not subject to the same formal processes adopted for financial reporting in accordance with established reporting standards. They involve a higher degree of judgement, assumptions and estimates, including in relation to the classification of climate and sustainability-related (including social, sustainability, sustainability-linked, green, climate and transition) funding, financing and facilitation activities, than what is required for reporting of historical financial information prepared in accordance with established reporting standards. As a result, climate and sustainability-related disclosures may be amended, updated or restated over time. However, NatWest Group does not undertake to restate prior disclosures except where required by applicable law or regulation, even if subsequently available data or methodologies differ from those used at the time of the original disclosure. In addition, non-financial reporting systems are less developed than financial reporting systems, often involving manual processes and less robust controls, which may affect data quality and consistency. Refer also to the ‘Climate and sustainability-related risk factors’ on pages 420 to 422 of the NatWest Group plc 2025 Annual Report and Accounts, the ‘Additional cautionary statement regarding climate and sustainability-related data, metrics and forward-looking statements’ on pages 429 to 431 of the NatWest Group plc 2025 Annual Report and Accounts, and the cautionary statement in the section entitled ‘Caution about climate-related metrics and data required for climate reporting’ on pages 70 to 72 of the NatWest Group plc 2025 Climate Transition Plan Report. Caution about sustainability-related funding, financing and facilitation Sustainability-related (including social, sustainability, sustainability-linked, green, climate, transition) funding, financing and facilitation currently represents only a relatively small proportion of NatWest Group’s overall funding, financing and facilitation activities. Accordingly, disclosures relating to sustainability-related funding, financing and facilitation should be read in the context of NatWest Group’s broader balance sheet, risk profile and funding, financing and facilitation activities, and should not be interpreted as indicative of NatWest Group’s overall funding, financing or facilitation strategy.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 37 Non-IFRS financial measures NatWest Group prepares its financial statements in accordance with UK-adopted International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). This document contains a number of non-IFRS measures, or alternative performance measures, defined under the European Securities and Markets Authority (ESMA) guidance, or non-Generally Accepted Accounting Principles (GAAP) financial measures in accordance with the Securities and Exchange Commission (SEC) regulations. These measures are adjusted for notable and other defined items which management believes are not representative of the underlying performance of the business and which distort period-on-period comparison. The non-IFRS measures provide users of the financial statements with a consistent basis for comparing business performance between financial periods and information on elements of performance that are one-off in nature. The non-IFRS measures also include the basis of calculation for metrics that are used throughout the banking industry. These non-IFRS measures are not a substitute for IFRS measures and a reconciliation to the closest IFRS measure is presented where appropriate. Measure Description Cost:income ratio (excl. litigation and conduct) Refer to table 2. Cost:income ratio (excl. litigation and conduct) on page 39. The cost:income ratio (excl. litigation and conduct) is calculated as other operating expenses (operating expenses less litigation and conduct costs) divided by total income. Litigation and conduct costs are excluded as they are one-off in nature, difficult to forecast for Outlook purposes and distort period-on-period comparisons. Customer deposits excluding central items Refer to Segment performance on pages 11-15 for components of calculation. Customer deposits excluding central items is calculated as total NatWest Group customer deposits excluding Central items & other customer deposits. Central items & other includes Treasury repo activity. The exclusion of Central items & other removes the volatility relating to Treasury repo activity and the reduction of deposits as part of our withdrawal from the Republic of Ireland. These items may distort period-on-period comparisons and their removal gives the user of the financial statements a better understanding of the movements in customer deposits. Funded assets Refer to Condensed consolidated balance sheet on page 31 for components of calculation. Funded assets is calculated as total assets less derivative assets. This measure allows review of balance sheet trends exclusive of the volatility associated with derivative fair values. Loan:deposit ratio (excl. repos and reverse repos) Refer to table 5. Loan:deposit ratio (excl. repos and reverse repos) on page 40. Loan:deposit ratio (excl. repos and reverse repos) is calculated as net customer loans - amortised cost excluding reverse repos divided by total customer deposits excluding repos. This metric is used to assess liquidity. The removal of repos and reverse repos reduces volatility and presents the ratio on a basis that is comparable to UK peers. The nearest ratio using IFRS measures is loan:deposit ratio - this is calculated as net loans to customers - amortised cost divided by customer deposits. NatWest Group Return on Tangible Equity Refer to table 7. NatWest Group Return on Tangible Equity on page 41. NatWest Group Return on Tangible Equity comprises annualised profit or loss for the period attributable to ordinary shareholders divided by average tangible equity. Average tangible equity is average total equity excluding average non- controlling interests, average other owners’ equity and average intangible assets. This measure shows the return NatWest Group generates on tangible equity deployed. It is used to determine relative performance of banks and used widely across the sector, although different banks may calculate the rate differently. The nearest ratio using IFRS measures is return on equity, calculated as profit attributable to ordinary shareholders divided by average total equity.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 38 Non-IFRS financial measures continued Measure Description Net interest margin and average interest earning assets Refer to Segment performance on pages 11-15 for components of calculation. Net interest margin is net interest income as a percentage of average interest earning assets (IEA). Average IEA are average IEA of the banking business of NatWest Group and primarily consists of cash and balances at central banks, loans to banks – amortised cost, loans to customers – amortised cost and other financial assets. It excludes trading balances and assets in treasury repurchase agreements that have not been derecognised. Average IEA shows the average asset base generating interest over the period. Net loans to customers excluding central items Refer to Segment performance on pages 11-15 for components of calculation. Net loans to customers excluding central items is calculated as total NatWest Group net loans to customers excluding Central items & other net loans to customers. Central items & other includes Treasury reverse repo activity. The exclusion of Central items & other removes the volatility relating to Treasury reverse repo activity and the reduction of loans to customers as part of our withdrawal from the Republic of Ireland. This allows for better period-on-period comparisons and gives the user of the financial statements a better understanding of the movements in net loans to customers. Operating expenses excluding litigation and conduct Refer to table 4. Operating expenses excluding litigation and conduct on page 40. The management analysis of operating expenses shows litigation and conduct costs separately. These amounts are included within staff costs and other administrative expenses in the statutory analysis. Other operating expenses excludes litigation and conduct costs, which are more volatile and may distort period-on-period comparisons. Segment return on equity Refer to table 8. Segment return on equity on page 41. Segment return on equity comprises segmental operating profit or loss, adjusted for paid-in equity and tax, divided by average notional equity. Average RWAe is defined as average segmental RWAs incorporating the effect of capital deductions. This is multiplied by an allocated equity factor for each segment to calculate the average notional equity. This measure shows the return generated by operating segments on equity deployed. Tangible net asset value (TNAV) per ordinary share Refer to table 3. Tangible net asset value (TNAV) per ordinary share on page 39. TNAV per ordinary share is calculated as tangible equity divided by the number of ordinary shares in issue. This is a measure used by external analysts in valuing the bank and allows for comparison with other per ordinary share metrics including the share price. The nearest ratio using IFRS measures is net asset value (NAV) per ordinary share - this comprises ordinary shareholders’ interests divided by the number of ordinary shares in issue. Total customer assets and liabilities (CAL) Refer to table 6. Total customer assets and liabilities (CAL) on page 40. CAL comprises customer deposits and gross loans to customers (amortised cost), across the Retail Banking, Private Banking & Wealth Management and Commercial & Institutional segments. For the Private Banking & Wealth Management segment, CAL also includes AUMA, with an adjustment to deduct investment cash to avoid double counting, as investment cash is recognised within both customer deposits and AUMA. The components of CAL are key drivers of income and provide a measure of growth and strength of the business on a comparable basis. Total income excluding notable items Refer to table 1. Total income excluding notable items on page 39. Total income excluding notable items is calculated as total income less notable items. The exclusion of notable items aims to remove the impact of one-offs and other items which may distort period-on-period comparisons.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 39 Non-IFRS financial measures continued 1. Total income excluding notable items Nine months ended Quarter ended 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 £m £m £m £m £m Total income 13,502 12,317 4,640 4,504 4,332 Less notable items: Commercial & Institutional Own credit adjustments (OCA) 6 3 4 (1) - Central items & other Share of associate profits for Business Growth Fund 41 55 22 20 41 Interest and foreign exchange management derivatives not in hedge accounting relationships 66 168 30 (2) 162 Foreign exchange recycling gains/(losses) 130 (37) (3) 38 (37) 243 189 53 55 166 Total income excluding notable items 13,259 12,128 4,587 4,449 4,166 2. Cost:income ratio (excl. litigation and conduct) Nine months ended Quarter ended 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 £m £m £m £m £m Operating expenses 6,259 6,014 2,138 2,079 1,996 Less litigation and conduct costs (92) (130) (47) (30) (12) Other operating expenses 6,167 5,884 2,091 2,049 1,984 Total income 13,502 12,317 4,640 4,504 4,332 Cost:income ratio 46.4% 48.8% 46.1% 46.2% 46.1% Cost:income ratio (excl. litigation and conduct) 45.7% 47.8% 45.1% 45.5% 45.8% 3. Tangible net asset value (TNAV) per ordinary share As at 30 September 30 June 31 December 2026 2026 2025 Ordinary shareholders' interests (£m) 38,569 38,748 38,028 Less intangible assets (£m) (10,125) (10,205) (7,292) Tangible equity (£m) 28,444 28,543 30,736 Ordinary shares in issue (millions) (1) 7,931 7,959 7,995 NAV per ordinary share (pence) 486p 487p 476p TNAV per ordinary share (pence) 359p 359p 384p (1) The number of ordinary shares in issue excludes own shares held.

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 40 Non-IFRS financial measures continued 4. Operating expenses excluding litigation and conduct Nine months ended Quarter ended 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 £m £m £m £m £m Other operating expenses Staff expenses 3,191 3,144 1,087 1,034 1,045 Premises and equipment 970 902 347 314 318 Other administrative expenses 1,089 983 305 416 323 Depreciation and amortisation 917 855 352 285 298 Total other operating expenses 6,167 5,884 2,091 2,049 1,984 Litigation and conduct costs Staff expenses 45 49 15 14 19 Premises and equipment 6 4 1 2 1 Other administrative expenses 41 77 31 14 (8) Total litigation and conduct costs 92 130 47 30 12 Total operating expenses 6,259 6,014 2,138 2,079 1,996 Operating expenses excluding litigation and conduct 6,167 5,884 2,091 2,049 1,984 5. Loan:deposit ratio (excl. repos and reverse repos) As at 30 September 30 June 31 December 2026 2026 2025 £m £m £m Loans to customers - amortised cost 449,005 435,908 418,881 Less reverse repos (39,597) (33,381) (32,817) Loans to customers - amortised cost (excl. reverse repos) 409,408 402,527 386,064 Customer deposits 454,346 448,605 442,998 Less repos (1,652) (1,632) (1,796) Customer deposits (excl. repos) 452,694 446,973 441,202 Loan:deposit ratio (%) 99% 97% 95% Loan:deposit ratio (excl. repos and reverse repos) (%) 90% 90% 88% 6. Total customer assets and liabilities (CAL) As at 30 September 2026 30 June 2026 31 December 2025 Private Banking Private Banking Private Banking Retail & Wealth Commercial Retail & Wealth Commercial Retail & Wealth Commercial Banking Management & Institutional Total Banking Management & Institutional Total Banking Management & Institutional Total £bn £bn £bn £bn £bn £bn £bn £bn £bn £bn £bn £bn Gross loans and advances to customers 226.8 19.1 171.9 417.8 225.3 19.1 165.3 409.7 217.9 19.0 155.8 392.7 Customer deposits 205.3 41.1 207.0 453.4 202.2 41.4 204.0 447.6 202.6 42.7 196.4 441.7 Assets under management and administration (AUMA) - 132.4 - 132.4 - 130.6 - 130.6 - 58.5 - 58.5 Less investment cash included in both customer deposits and AUMA - (1.0) - (1.0) - (1.0) - (1.0) - (1.2) - (1.2) CAL 432.1 191.6 378.9 1,002.6 427.5 190.1 369.3 986.9 420.5 119.0 352.2 891.7

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 41 Non-IFRS financial measures continued 7. NatWest Group Return on Tangible Equity Nine months ended and as at Quarter ended and as at 30 September 30 September 30 September 30 June 30 September 2026 2025 2026 2026 2025 £m £m £m £m £m Profit attributable to ordinary shareholders 4,567 4,086 1,532 1,603 1,598 Annualised profit attributable to ordinary shareholders 6,089 5,448 6,128 6,412 6,392 Average total equity 43,204 41,043 43,555 43,108 41,667 Adjustment for average other owners' equity and intangible assets (13,124) (13,175) (15,193) (12,607) (12,954) Adjusted total tangible equity 30,080 27,868 28,362 30,501 28,713 Return on equity 14.1% 13.3% 14.1% 14.9% 15.3% Return on Tangible Equity 20.2% 19.5% 21.6% 21.0% 22.3% 8. Segment return on equity Nine months ended 30 September 2026 Nine months ended 30 September 2025 Private Banking Private Banking Retail & Wealth Commercial Retail & Wealth Commercial Banking Management & Institutional Banking Management & Institutional Operating profit (£m) 2,580 368 3,569 2,335 287 3,025 Paid-in equity cost allocation (£m) (62) (10) (159) (75) (13) (181) Adjustment for tax (£m) (705) (100) (853) (633) (77) (711) Adjusted attributable profit (£m) 1,813 258 2,557 1,627 197 2,133 Annualised adjusted attributable profit (£m) 2,417 344 3,410 2,170 263 2,844 Average RWAe (£bn) 71.1 11.8 114.9 68.7 11.3 107.8 Equity factor 12.7% 10.9% 14.1% 12.8% 11.1% 13.9% Average notional equity (£bn) 9.0 1.3 16.2 8.8 1.3 15.0 Return on equity (%) 26.8% 26.8% 21.1% 24.7% 21.0% 19.0% Quarter ended 30 September 2026 Quarter ended 30 June 2026 Quarter ended 30 September 2025 Private Banking Private Banking Private Banking Retail & Wealth Commercial Retail & Wealth Commercial Retail & Wealth Commercial Banking Management & Institutional Banking Management & Institutional Banking Management & Institutional Operating profit (£m) 851 156 1,285 948 118 1,254 850 108 1,041 Paid-in equity cost allocation (£m) (24) (4) (55) (20) (3) (53) (26) (5) (52) Adjustment for tax (£m) (232) (43) (308) (260) (32) (300) (231) (29) (247) Adjusted attributable profit (£m) 595 109 922 668 83 901 593 74 742 Annualised adjusted attributable profit (£m) 2,382 438 3,690 2,673 331 3,603 2,373 297 2,967 Average RWAe (£bn) 71.8 12.4 116.5 71.0 11.5 114.1 70.2 11.4 108.2 Equity factor 12.7% 10.9% 14.1% 12.7% 10.9% 14.1% 12.8% 11.1% 13.9% Average notional equity (£bn) 9.1 1.4 16.4 9.0 1.3 16.1 9.0 1.3 15.0 Return on equity (%) 26.1% 32.3% 22.5% 29.7% 26.5% 22.4% 26.4% 23.4% 19.7%

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Business performance summary Capital and risk management Financial statements Additional information NatWest Group Q3 2026 Results 42 Performance measures not defined under IFRS The table below summarises other performance measures used by NatWest Group, not defined under IFRS, and therefore a reconciliation to the nearest IFRS measure is not applicable. Measure Description AUMA AUMA comprises both assets under management (AUM) and client assets under administration (AUA) serviced through the Private Banking & Wealth Management segment and not recognised on NatWest Group’s balance sheet. AUM comprise assets where the investment management is undertaken by Private Banking & Wealth Management on behalf of customers of the Private Banking & Wealth Management, Retail Banking and Commercial & Institutional segments. AUA comprises i) third party assets held on an execution-only basis in custody by Private Banking & Wealth Management, Retail Banking and Commercial & Institutional for their customers, for which the execution services are supported by Private Banking & Wealth Management ii) AUA of Cushon, the sale of which completed in Q2 2026, which were previously supported by Private Banking & Wealth Management and held and managed by third parties. This measure is tracked and reported as the amount of funds that we manage or administer, and directly impacts the level of investment income that we receive. AUMA income AUMA income includes investment income earned across NatWest Group (excluding Cushon). Investment income includes ongoing fees as a percentage of assets and fees, charged on a per transaction basis, for advice services, trading and exchange services, protection and alternative investing services. AUMA is a core driver of non-interest income, especially with respect to ongoing investment income and this measure provides a means of reporting the income earned on AUMA. AUM net flows AUM net flows refers to net client cash inflows and outflows relating to investment products, both discretionary and advisory mandates serviced through the Private Banking & Wealth Management segment. AUM comprises assets where the investment management is undertaken by Private Banking & Wealth Management on behalf of Private Banking & Wealth Management, Retail Banking and Commercial & Institutional customers. Capital generation pre- distributions Capital generation pre-distributions refers to the change in the CET1 ratio in the period, before distributions to ordinary shareholders. It reflects the capital generated through business activities and all other movements, including attributable profit for the period, impacts from acquisitions and disposals, and risk-weighted asset (RWA) changes, prior to the deduction of ordinary shareholder distributions such as ordinary dividends and share buybacks. It is used to show the capital generated in the period that is available for deployment in the business and distribution to shareholders. Climate and transition finance The climate and transition finance target enables NatWest Group to quantify the level of financing and facilitation provided by NatWest Group that could support customers in achieving their climate and/or transition ambitions, through lending and underwriting activities. The climate and transition finance framework, available on natwestgroup.com, underpins the target to provide £200 billion in climate and transition finance between 1 July 2025 and the end of 2030. ECL provision coverage ratio ECL provision coverage ratio is total ECL provisions as a percentage of loans measured at amortised cost and FVOCI. Total ECL provisions include allowances relating to loans, non-loan financial assets and undrawn commitments. The ratio is used as an indicator of reserve adequacy against potential future credit losses and supports comparison of provisioning levels across segments and sectors. Loan impairment rate Loan impairment rate is the annualised loan impairment charge divided by gross customer loans. This measure is used to assess the credit quality of the loan book. Third party rates Third party customer asset rate is calculated as annualised interest receivable on third-party loans to customers as a percentage of third-party loans to customers. This excludes assets of disposal groups, intragroup items, loans to banks and liquid asset portfolios. Third party customer funding rate reflects interest payable or receivable on third-party customer deposits, including interest bearing and non- interest bearing customer deposits. Intragroup items, bank deposits, debt securities in issue and subordinated liabilities are excluded for customer funding rate calculation. Wholesale funding Wholesale funding comprises deposits by banks (excluding repos), debt securities in issue and subordinated liabilities. Funding risk is the risk of not maintaining a diversified, stable and cost-effective funding base. The disclosure of wholesale funding highlights the extent of our diversification and how we mitigate funding risk. Short-term wholesale funding comprises wholesale funding with less than one year to maturity. Legal Entity Identifier: 2138005O9XJIJN4JPN90

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