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Scottish Life International – Select Income & Growth Bond 3

Friday, September 6, 2002

Type: Guaranteed equity bond

Aim: Income and growth linked to the performance of the FTSE 100, S&P 500 and Eurostoxx 50 indices

Minimum investment: Lump sum £10,000

Place of registration: Isle of Man

Investment split: 100% linked to the performance of the FTSE 100, S&P 500 and Eurostoxx 50 indices

Guarantee: Opportunity option – capital returned in full unless one or more of the FTSE 100, S&P 500 or Eurostoxx 50 indices fall by more than 30% from initial levels between October 28, 2002 and November 23, 2005 and fail to remain above their initial levels between November 24, 2005 and December 21, 2005. Cautious option – capital returned in full unless one or more of the FTSE 100, S&P 500 or Eurostoxx 50 indices fall by more than 30% from initial levels between October 28, 2002 and November 23, 2005 and fail to remain above 85% of their initial levels between November 24, 2005 and December 21, 2005

Yield: Opportunity option – 10% income a year, 2.4% income a quarter or 32% growth at end of term, cautious option – 8% income a year, 1.9% income a quarter or 25.5% growth at end of term

Isa link: No

Charges: Implicit

Commission: Initial 3.5%

Tel: 08457 413377

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