Tender date : 25 May 2004 Paper on offer : EF Notes Issue number : 7105 Issue date : 27 May 2004 Maturity date : 27 May 2011 Coupon : 4.50% Amount applied : HK1,971 MN Amount allotted : HK$600 MN Average price accepted (yield) : 100.78 (4.42 PCT) Lowest price accepted (yield) : 100.75 (4.42 PCT) Pro rata ratio : About 71 PCT Average tender price (yield) : 100.69 (4.43 PCT) End/Thursday, 25 May, 2004 NNNN