Subscription for Loan Notes

Secure Trust Banking Group PLC
31 October 2002



The Company today announces that, pursuant to its invitation to subscribe for 
unlisted floating rate subordination loan notes 2009 ('Loan Notes') (together 
the 'Offer'), it has at today's date received applications from shareholders and 
investors to subscribe for in aggregate £1,120,000 of loan notes under the 
Offer. Accordingly, £1,120,000 of Loan Notes will be allotted on 1 November 
2002.

Pursuant to the discretion conferred on the Directors of the Company under the 
terms of the Offer, the Company today also announces that the Offer period shall 
be extended up to and including 16 December 2002, which shall be the final 
closing date of the Offer.

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