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New name for RDBC

15 November 2002

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The Royal Bank of Scotland has decided to bringtogether Royal Bank Private Equity, Royal BankDevelopment Capital, Royal Bank Ventures andProperty Ventures into a single business calledEquity Finance. The change is intended to clarify theBank s equity capital proposition in the marketplace.The businesses in London have relocated to a newof fice development at 280 Bishopsgate.

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