Tender date : 21 June 2005 Paper on offer : EF Notes Issue number : 1506 Issue date : 22 June 2005 Maturity date : 22 June 2015 Coupon : 3.50% Amount applied : HK1,131 MN Amount allotted : HK$500 MN Average price accepted (yield) : 99.45 (3.60%) Lowest price accepted (yield) : 99.25 (3.62%) Pro rata ratio : About 79 PCT Average tender price (yield) : 99.24 (3.62 PCT) End/Tuesday, 21 June, 2005 NNNN