Tender date : 23 February 2005 Paper on offer : EF Notes Issue number : 7202 Issue date : 24 February 2005 Maturity date : 24 February 2012 Coupon : 3.14% Amount applied : HK1,182 MN Amount allotted : HK$600 MN Average price accepted (yield) : 97.70 (3.54%) Lowest price accepted (yield) : 97.60 (3.56%) Pro rata ratio : About 63 PCT Average tender price (yield) : 97.60 (3.56 PCT) End/Wednesday, 23 February, 2005 NNNN