Tender date : 11 November 2005 Paper on offer : EF Notes Issue number : 2711 Issue date : 14 November 2005 Maturity date : 14 November 2007 Coupon : 4.27% Amount applied : HK$8,812 MN Amount allotted : HK$1,200 MN Average price accepted (yield) : 99.89 (4.38 PCT) Lowest price accepted (yield) : 99.87 (4.39 PCT) Pro rata ratio : About 21 PCT Average tender price (yield) : 99.85 (4.40 PCT) End/Friday, 11 November 2005 NNNN