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Northern Rock – Fifty:Fifty Issue 21

Type: Guaranteed equity bond and high-interest account

GUARANTEED EQUITY BOND

Aim: Growth linked to the performance of the FTSE 100 index

Minimum investment: Lump sum £2,500

Term: Five years

Guarantee: Capital returned in full at end of term regardless of performance in index

Return: Up to 70% of growth at end of term

Closing date: June 11, 2003

HIGH INTEREST ACCOUNT

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

Term: One year

Interest rate: 7% gross a year

Offer period: Until June 11, 2003

Withdrawal penalties: 60 days&#39 loss of interest

Commission: None

Tel: 0845 6004466

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