Tender date : 16 March 2007 Paper on offer : EF Notes Issue number : 05Y1203 Issue date : 19 March 2007 Maturity date : 19 March 2012 Coupon : 4.06% Amount applied : HK$2,502 MN Amount allotted : HK$1,000 MN Average price accepted (yield) : 99.98 (4.11 PCT) Lowest price accepted (yield) : 99.95 (4.11 PCT) Pro rata ratio : About 58 PCT Average tender price (yield) : 99.91 (4.12 PCT) End/Friday, 16 March 2007 NNNN