Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

PROVIDENCE, R.I.–(BUSINESS WIRE)–Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of
directors has declared the following dividends payable on April 8, 2019,
to preferred shareholders of record at the close of business on March
22, 2019:

● a semi-annual cash dividend of $27.50 per share on CFG’s 5.500%
Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series A;

● a quarterly cash dividend of $15.94 per share on CFG’s 6.375%
Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C; and

● a quarterly cash dividend of $11.82 per share ($0.2954 per each
depositary share, each representing a 1/40th interest in a
share of the preferred stock) on CFG’s 6.350% Fixed-to-Floating
Non-Cumulative Perpetual Preferred Stock, Series D.(1)

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest
financial institutions, with $160.5 billion in assets as of December 31,
2018. Headquartered in Providence, Rhode Island, Citizens offers a broad
range of retail and commercial banking products and services to
individuals, small businesses, middle-market companies, large
corporations and institutions. Citizens helps its customers reach their
potential by listening to them and by understanding their needs in order
to offer tailored advice, ideas and solutions. In Consumer Banking,
Citizens provides an integrated experience that includes mobile and
online banking, a 24/7 customer contact center and the convenience of
approximately 2,900 ATMs and approximately 1,100 branches in 11 states
in the New England, Mid-Atlantic and Midwest regions. Consumer Banking
products and services include a full range of banking, lending, savings,
wealth management and small business offerings. In Commercial Banking,
Citizens offers corporate, institutional and not-for-profit clients a
full range of wholesale banking products and services, including lending
and deposits, capital markets, treasury services, foreign exchange and
interest rate products, and asset finance. More information is available
at www.citizensbank.com
or visit us on Twitter,
LinkedIn
or Facebook.

(1) Note: The Series D Preferred Stock dividend per share and
dividend per depositary share has been rounded for reader convenience.
The precise amount of the Series D Preferred Stock dividend is
11.818055555 per share and the precise amount of dividend per depositary
share is $0.295451388.

CFG-IR

Contacts

Media: Peter Lucht — 781.655.2289

Investors: Ellen A. Taylor — 203.900.6854

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