Exchange Fund Notes Tender Result

Tender date                      :   14 May 2010

Paper on offer                   :   EF Notes

Issue number                     :   02Y1205

Issue date                       :   17 May 2010

Maturity date                    :   17 May 2012

Coupon                           :   0.72%

Competitive Tender Result

Amount applied                   :   HK$11,720 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.21 (0.62 PCT)

Lowest price accepted (yield)    :   100.20 (0.62 PCT)

Pro rata ratio                   :   About 17%

Average tender price (yield)     :   100.15 (0.65 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 May, 2010
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