Tender date : 1 June 2004 Paper on offer : EF Notes Issue number : 1406 Issue date : 2 June 2004 Maturity date : 2 June 2014 Coupon : 4.82% Amount applied : HK1,645 MN Amount allotted : HK$500 MN Average price accepted (yield) : 101.64 (4.67 PCT) Lowest price accepted (yield) : 101.59 (4.67 PCT) Pro rata ratio : About 100 PCT Average tender price (yield) : 101.51 (4.68 PCT) End/Tuesday, 1 June, 2004 NNNN