Exchange Fund Bills Tender Results

Tender date                 :   29 March 2005

Paper on offer              :   EF Bills

Issue number                :   Q513

Issue date                  :   30 March 2005

Maturity date               :   29 June 2005

Amount applied              :   HK$8,900 MN

Amount allotted             :   HK$2,367 MN

Average yield accepted      :   2.38 PCT

Highest yield accepted      :   2.39 PCT

Pro rata ratio              :   About 63 PCT

Average tender yield        :   2.41 PCT

* * * * * * * * * * * *

Tender date                 :   29 March 2005

Paper on offer              :   EF Bills

Issue number                :   H561

Issue date                  :   30 March 2005

Maturity date               :   28 September 2005

Amount applied              :   HK$4,350 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   2.53 PCT

Highest yield accepted      :   2.54 PCT

Pro rata ratio              :   About 31 PCT

Average tender yield        :   2.56 PCT

End/Tuesday, March 29, 2005
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