RNS Number:9274G
Bank of Scotland(Governor & Co of)
8 March 2000


CALEDONIAN CAPITAL

Bank of Scotland and The Royal Bank of Scotland today announce that the
business of Caledonian Capital Limited, their 50:50 joint venture company is
to be wound down.  Current transactions will be completed on a joint
underwriting basis.

END
MSCUWAVRRORORAR


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