P208 CEEFAX 208  Tue 20 Feb  1=:13/24
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      NATWEST BUY-BACK     
      IS A POSSIBILITY     
                                        
                                        
 cards at National Wjstminste  Bank.    
                                        
 NatWest chairman Lord Alexander said a 
                                        
                                        
 of the group's Banco p unit in the US. 
                                        
 "Our capital is precious and must bj   
                                        
 told a news conference.                
                                        
 Lo   Al xand   also ruled out bu  ng a 
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 expand with th  help of "in-fill" bu s.
                                        
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   P208 CEEFAX 208  Tue 20 Feb  19:14/47
    l4                      /  
      S  TH   NE TO   IF   
      ITS THAR  STU CUT E  
                                        
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 towar s simplified thar  structures.   
                                        
 It is replacing its existing dual share
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 While hold    of  qu ty units will g t 
   . c i  cash fo  t   pr    r   sh     
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 The company said that, although it had 
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  h r  st   tu   would g v  it gr at    
                                        
                                        
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