Exchange Fund Bills Tender Results

Tender date                 :   1 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q491

Issue date                  :   2 November 2005

Maturity date               :   7 December 2005

Amount applied              :   HK$10,000 MN

Amount allotted             :   HK$800 MN

Average yield accepted      :   3.15 PCT

Highest yield accepted      :   3.15 PCT

Pro rata ratio              :   About 16 PCT

Average tender yield        :   3.21 PCT

* * * * * * * * *

Tender date                 :   1 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q544

Issue date                  :   2 November 2005

Maturity date               :   1 February 2006

Amount applied              :   HK$8,400 MN

Amount allotted             :   HK$2,961 MN

Average yield accepted      :   3.58 PCT

Highest yield accepted      :   3.61 PCT

Pro rata ratio              :   About 11 PCT

Average tender yield        :   3.61 PCT

-----------------------------
Hong Kong Monetary Authority
****************************

Tenders to be held in the week beginning - 7 Nov 2005 :-

Tender date                 :   8 November 2005

Paper on offer              :   EF Bills

Issue number                :   Q545

Issue date                  :   9 November 2005

Maturity date               :   8 February 2006

Tenor                       :   91 Days

Amount on offer             :   HK$2,819 MN

* * * * * * * * *

Tender date                 :   8 November 2005

Paper on offer              :   EF Bills

Issue number                :   H577

Issue date                  :   9 November 2005

Maturity date               :   10 May 2006

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, November 1, 2005
NNNN