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Newcastle Building Society – Capital Safe Income and Growth Bond – Five Year Term

Thursday, May 23, 2002

Type: Combined guaranteed equity bond and high interest account

GUARANTEED EQUITY BOND

Aim: Growth linked to the performance of the FTSE 100, Dow Jones Eurostoxx 50 and S&P 500 indices

Minimum-maximum investment: £1,000-£250,000

Term: Five years

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

Return: Capital with up to 85% of growth in indices at end of term

Closing date: June 28, 2002

HIGH INTEREST ACCOUNT

Minimum-maximum investment: £1,000-£250,000

Interest rate: 5.75% gross a year

Term: Five years

Offer period: Until June 28, 2002

Withdrawal penalties: No withdrawals permitted during the term

Commission: Subject to negotiation

Tel: 0845 6065522

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