Exchange Fund Notes Tender Result

Tender date                      :   7 December 2009

Paper on offer                   :   EF Notes

Issue number                     :   10Y1912

Issue date                       :   8 December 2009

Maturity date                    :   9 December 2019

Coupon                           :   2.16%

Competitive Tender Result

Amount applied                   :   HK$3,320 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   98.28 (2.37 PCT)

Lowest price accepted (yield)    :   98.00 (2.40 PCT)

Pro rata ratio                   :   About 23%

Average tender price (yield)     :   97.67 (2.44 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/Monday, 7 December, 2009
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