Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 41

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 41
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 Any amendment, alteration or repeal of any provision of our certificate of incorporation, by-laws or the certificate of designations for the Series I Preferred Stock that would alter or                               
 change the voting powers, preferences or special rights of the Series I Preferred Stock so as to affect them adversely; provided, however, that the amendment of the certificate of incorporation so as to authorize or create, or to 
 increase the authorized amount of, any class or series of stock that does not rank senior to the Series I Preferred Stock in either the payment of dividends (whether such dividends are cumulative or                                
 non-cumulative) or in the distribution of assets on any liquidation, dissolution or winding up of the Company shall not be deemed to affect adversely the voting powers, preferences or special rights of the                         
 Series I Preferred Stock;                                                                                                                                                                                                             |

| • |     | Authorization of Senior Stock. Any amendment or alteration of the certificate of incorporation to                                                                                                                                                        
 authorize or create, or increase the authorized amount of, any shares of any class or series or any securities convertible into shares of any class or series of our capital stock ranking prior to Series I Preferred Stock in the payment of dividends 
 or in the distribution of assets on any liquidation, dissolution or winding up of the Company; or                                                                                                                                                        |

S-23

| • |     | Share Exchanges, Reclassifications, Mergers and Consolidations and Other Transactions. Any consummation of                                                                                                                                                
 (x) a binding share exchange or reclassification involving the Series I Preferred Stock or (y) a merger or consolidation of Citizens Financial Group, Inc. with another entity (whether or not a corporation), unless in each case (A) the                
 shares of Series I Preferred Stock remain outstanding or, in the case of any such merger or consolidation with respect to which we are not the surviving or resulting entity, the shares of Series I Preferred Stock are converted into or exchanged for  
 preference securities of the surviving or resulting entity or its ultimate parent, and (B) such shares remaining outstanding or such preference securities, as the case may be, have such rights, preferences, privileges and voting powers, and          
 limitations and restrictions thereof, taken as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers, and restrictions and limitations thereof, of the Series I Preferred Stock 
 immediately prior to such consummation, taken as a whole.                                                                                                                                                                                                 |

If an amendment, alteration, repeal, share exchange, reclassification, merger or consolidation described above would adversely