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Scottish Mutual – Income and Growth Plan 4

Thursday, 19 September 2002

Type: Guaranteed equity bond

Aim: Income or growth linked to the performance of the Dow Jones
Eurostoxx 50 index

Minimum&#45maximum investment: £7,000-£500,000

Term: Three years

Guarantee: Capital returned in full at end of term provided the index
does not fall by more than 25%

Return: Balanced income and growth option – choice of 8% gross
income a year, 1.9% gross income a quarter or 25% growth at the end of the
term, steady income and growth option – choice of 6% gross income
a year, 1.45% gross income a quarter or 18.5% growth at the end of
the term

Closing date: November 22, 2002

Commission: Initial 3%

Tel: 0845 6006632

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