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OLYMPIA & YORK: THE ROYAL BANK OF SCOTLAND ISSUES STATEMENT

 OLYMPIA & YORK: THE ROYAL BANK OF SCOTLAND ISSUES STATEMENT
 LONDON, May 18 /PRNewswire/ -- The table in Saturday's International


Herald Tribune listing the Royal Bank of Scotland as a lender to Olympia & York is incorrect, the bank announced today.
 The Royal Bank of Scotland does not have any exposure to Olympia & York or any of its developments. The table originally appeared in the Financial Times, and on Saturday the Financial Times issued a correction and apologized for their error.
 -0- 5/18/92
 /CONTACT: David Wragg of the Royal Bank of Scotland, in Scotland, 44-31-523-2056, or home, 44-31-557-5307/ CO: The Royal Bank of Scotland; Olympia & York Developments Ltd. ST: IN: FIN SU:


GK -- NY001 -- 1092 05/18/92 07:06 EDT
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Publication:PR Newswire
Date:May 18, 1992
Words:120
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