Exchange Fund Bills Tender Results

Tender date                 :   6 September 2005

Paper on offer              :   EF Bills

Issue number                :   Q536

Issue date                  :   7 September 2005

Maturity date               :   7 December 2005

Amount applied              :   HK$8,733 MN

Amount allotted             :   HK$2,577 MN

Average yield accepted      :   3.12 PCT

Highest yield accepted      :   3.14 PCT

Pro rata ratio              :   About 9 PCT

Average tender yield        :   3.14 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning - 12 Sept 05:-

Tender date                 :   13 September 2005

Paper on offer              :   EF Bills

Issue number                :   Q537

Issue date                  :   14 September 2005

Maturity date               :   14 December 2005

Tenor                       :   91 Days

Amount on offer             :   HK$2,906 MN

* * * * * * * * * * *

Tender date                 :   13 September 2005

Paper on offer              :   EF Bills

Issue number                :   H573

Issue date                  :   14 September 2005

Maturity date               :   15 March 2006

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, September 6, 2005
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