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Bristol & West – Global Income & Growth Guaranteed Equity Bond 7 Year Growth Issue 2

Friday, 4 October 2002

Type: Guaranteed equity bond and high interest account

GUARANTEED EQUITY BOND

Aim: Income and growth linked to the FTSE 100, Nikkei 225, SMI and
S&P 500 indices

Minimum-maximum investment: £2,500-£1m

Term: Until December 14, 2002

Guarantee: Capital returned in full at end of term regardless of
movement in indices

Return: Up to 90% of growth in indices

Closing date: November 30, 2002

HIGH INTEREST ACCOUNT

Minimum-maximum investment: £1-£1m

Interest rate: 5.84 gross a year

Term: Until December 14, 2009

Offer period: Until November 30, 2002

Withdrawal penalties: None

Commission: Initial 2%

Tel: 0845 1110118

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