Exchange Fund Bills Tender Results

Tender date                 :   29 May 2007

Paper on offer              :   EF Bills

Issue number                :   M0705

Issue date                  :   30 May 2007

Maturity date               :   27 June 2007

Amount applied              :   HK$4,800 MN

Amount allotted             :   HK$800 MN

Average yield accepted      :   3.75 PCT

Highest yield accepted      :   3.75 PCT

Pro rata ratio              :   100 PCT

Average tender yield        :   3.86 PCT

* * * * * * * * * *

Tender date                 :   29 May 2007

Paper on offer              :   EF Bills

Issue number                :   Q0722

Issue date                  :   30 May 2007

Maturity date               :   29 August 2007

Amount applied              :   HK$9,500 MN

Amount allotted             :   HK$3,150 MN

Average yield accepted      :   3.92 PCT

Highest yield accepted      :   3.93 PCT

Pro rata ratio              :   About 19 PCT

Average tender yield        :   3.94 PCT

* * * * * * * * * *

Tender date                 :   29 May 2007

Paper on offer              :   EF Bills

Issue number                :   Y0790

Issue date                  :   30 May 2007

Maturity date               :   28 May 2008

Amount applied              :   HK$5,020 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   4.17 PCT

Highest yield accepted      :   4.18 PCT

Pro rata ratio              :   About 66 PCT

Average tender yield        :   4.19 PCT

----------------------------------------------------------

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

Tenders to be held in the week beginning - 4 June 2007 :-

Tender date                 :   5 June 2007

Paper on offer              :   EF Bills

Issue number                :   Q0723

Issue date                  :   6 June 2007

Maturity date               :   5 September 2007

Tenor                       :   91 Days

Amount on offer             :   HK$3,166 MN

* * * * * * * * * *

Tender date                 :   5 June 2007

Paper on offer              :   EF Bills

Issue number                :   H0766

Issue date                  :   6 June 2007

Maturity date               :   5 December 2007

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, May 29, 2007
NNNN