Tender date : 12 August 2005 Paper on offer : EF Notes Issue number : 2708 Issue date : 15 August 2005 Maturity date : 15 August 2007 Coupon : 3.28% Competitive Tender Result Amount applied : HK$3,547 MN Amount allotted : HK$1,000 MN Average price accepted (yield) : 99.39 (3.63%) Lowest price accepted (yield) : 99.38 (3.64%) Pro rata ratio : About 99 PCT Average tender price (yield) : 99.32 (3.67 PCT) Non-competitive Tender Results Amount applied : HK$238 MN Amount allotted : HK$200 MN Allotment Price (yield) : 99.38 (3.64%) Pro rata ratio : About 76 PCT End/Friday, 12 August, 2005 NNNN