Exchange Fund Notes Tender Result

Tender date                      :   14 November 2008

Paper on offer                   :   EF Notes

Issue number                     :   02Y1011

Issue date                       :   17 November 2008

Maturity date                    :   17 November 2010

Coupon                           :   0.82%

Competitive Tender Result

Amount applied                   :   HK$4,800 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   99.90 (0.87 PCT)

Lowest price accepted (yield)    :   99.85 (0.90 PCT)

Pro rata ratio                   :   About 14%

Average tender price (yield)     :   99.68 (0.98 PCT)
 

Non-competitive Tender Results(for applications submitted through Hong Kong Securities Clearing Company Limited)

Amount applied                   :   0

Amount allotted                  :   0

Allotment Price (yield)          :   Nil

End/Friday, 14 November, 2008

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