Tender date : 7 December 2004 Paper on offer : EF Notes Issue number : 1412 Issue date : 8 December 2004 Maturity date : 8 December 2014 Coupon : 3.51% Amount applied : HK$1,360 MN Amount allotted : HK$500 MN Average price accepted (yield) : 99.62 (3.59 PCT) Lowest price accepted (yield) : 99.45 (3.61 PCT) Pro rata ratio : About 14 PCT Average tender price (yield) : 99.41 (3.61 PCT) End/Tuesday, 7 December, 2004 NNNN