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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0000950103-08-002954 0001451785 XXXXXXXX LIVE 51 Ordinary Shares 01/27/2025 false 0000844150 639057207 NatWest Group plc Gogarburn, PO Box 1000 Edinburgh X0 EH12 1HQ Peter King 44-0-20-7270-5328 1 Horse Guards Road London X0 SW1A 2HQ 0001451785 N HM Treasury OO N X0 0.00 2570444768.00 0.00 2570444768.00 2570444768.00 N 7.98 OO See Form TR-1 filed as an Exhibit. Y UK Government Investments Ltd OO N X0 0.00 2570444768.00 0.00 2570444768.00 2570444768.00 N 7.98 OO UK Government Investments Limited, a company wholly-owned by His Majesty's Treasury, is entitled to exercise control over the voting rights which are the subject of this notification (pursuant to certain management arrangements agreed with His Majesty's Treasury). See Form TR-1 filed as an Exhibit. Ordinary Shares NatWest Group plc Gogarburn, PO Box 1000 Edinburgh X0 EH12 1HQ In lieu of providing the information called for by Schedule 13D, His Majesty's Treasury and UK Government Investments Limited are furnishing as an exhibit a copy of "TR-1: Notification of Major Interest in Shares", which is the standard form for any notification required to be delivered under the UK Disclosure Guidance and Transparency Rules to (among others) an issuer whose shares are admitted to trading on a UK regulated market (and to the UK Financial Conduct Authority) following the acquisition or disposal of certain interests in the shares or voting rights in such issuer. This modified Schedule 13D is filed pursuant to no-action relief granted by the Staff of the Securities and Exchange Commission in a no-action letter dated December 10, 2008. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. See Form TR-1 filed as an Exhibit. In lieu of providing the information called for by Schedule 13D, His Majesty's Treasury and UK Government Investments Limited are furnishing as an exhibit a copy of "TR-1: Notification of Major Interest in Shares", which is the standard form for any notification required to be delivered under the UK Disclosure Guidance and Transparency Rules to (among others) an issuer whose shares are admitted to trading on a UK regulated market (and to the UK Financial Conduct Authority) following the acquisition or disposal of certain interests in the shares or voting rights in such issuer. This modified Schedule 13D is filed pursuant to no-action relief granted by the Staff of the Securities and Exchange Commission in a no-action letter dated December 10, 2008. HM Treasury /s/ Mario Pisani Mario Pisani, Deputy Director, Financial Stability 01/29/2025 UK Government Investments Ltd /s/ Holger Vieten Holger Vieten, Director, Financial Institutions Group 01/29/2025