Tracker Fund of Hong Kong (TraHK) Tap Issue Limit
Exchange Fund Investment Limited announced that the Hong Kong Monetary Authority has today (Thursday) advised State Street Global Advisors Asia Limited, the Manager of TraHK, that the maximum number of Units for which Hang Seng Index Shares will be made available under the Tap Facility for the period from 1 April 2002 to 30 June 2002 will be 530 million Units. The value of this Tap Issue Limit is approximately HK$6 billion, calculated by reference to the Nominal Closing Price of a Unit of TraHK quoted by the Stock Exchange of Hong Kong on 14 March 2002.
Whilst the Tap Facility is in operation, an indicative figure for the number of Units available under the Tap Facility as at the end of each trading day will be published after the market closes on the Hong Kong Monetary Authority's website (http://www.hkma.gov.hk). A verified figure will be announced on the same website on the next trading day before 10:00 a.m.
For further enquiries, please contact:
Fiona Chan, Chief Corporate Development Manager, at 2912 0165.
Exchange Fund Investment Limited
14 March 2002