The objective of the Plan is to deliver an attractive return with the potential for early maturity. Investec Bank plc, as the Plan Manager, now offers 2 different versions of this Plan. In the Investec version the Issuer is Investec Bank plc; in the RBS version the Issuer is The Royal Bank of Scotland plc.

The two versions of the Plan offer different potential returns.

• If at the end of years 1, 2, 3 or 4 the Kick-Out Level is higher than the Initial Index Level the Plan will mature early with a fixed payment equivalent to 11% per annum (Investec version), or 9.5% per annum (RBS version).

• If the Plan runs to the full 5 year term, the Plan will return 120% of any FTSE 100 growth with no upper limit (for both versions), comparing the Final Index Level to the Initial Index Level.

Full repayment of your initial Plan investment is not guaranteed: Your initial Plan investment will be reduced on a one-for-one basis for any fall in the Final Index Level compared to the Initial Index Level if a Barrier Breach occurs and the Final Index Level is less than the Initial Index Level at the Final Maturity Date. If a Barrier Breach does not occur your initial Plan investment is protected at maturity subject to the risks described on page 7 of the plan brochure.

The Plan is linked to the performance of the FTSE 100. For all options the performance of the FTSE 100 is measured by reference to an Initial Index Level, Kick-Out Levels, a Barrier Breach rule and a Final Index Level as explained on page 4 of the brochure and in the Terms and Conditions section.