Exchange Fund Notes Tender Result

Tender date                      :   16 May 2013

Paper on offer                   :   EF Notes

Issue number                     :   02Y1505

Issue date                       :   20 May 2013

Maturity date                    :   20 May 2015

Coupon                           :   0.15%

Competitive Tender Result

Amount applied                   :   HK$7,640 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   99.91 (0.19 PCT)

Lowest price accepted (yield)    :   99.91 (0.20 PCT)

Pro rata ratio                   :   About 43%

Average tender price (yield)     :   99.86 (0.22 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/Thursday, 16 May, 2013
NNNN