Exchange Fund Bills Tender Results

Tender date                 :   3 January 2006

Paper on offer              :   EF Bills

Issue number                :   Q601

Issue date                  :   4 January 2006

Maturity date               :   6 April 2006

Amount applied              :   HK$7,800 MN

Amount allotted             :   HK$2,309 MN

Average yield accepted      :   3.66 PCT

Highest yield accepted      :   3.67 PCT

Pro rata ratio              :   About 68 PCT

Average tender yield        :   3.70 PCT

* * * * * * * *

Tender date                 :   3 January 2006

Paper on offer              :   EF Bills

Issue number                :   H655

Issue date                  :   4 January 2006

Maturity date               :   5 July 2006

Amount applied              :   HK$4,280 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   3.82 PCT

Highest yield accepted      :   3.83 PCT

Pro rata ratio              :   About 66 PCT

Average tender yield        :   3.84 PCT

----------------------------------------------------------

Hong Kong Monetary Authority
****************************

Tenders to be held in the week beginning - 9 Jan 2006 :-

Tender date                 :   10 January 2006

Paper on offer              :   EF Bills

Issue number                :   Q602

Issue date                  :   11 January 2006

Maturity date               :   12 April 2006

Tenor                       :   91 Days

Amount on offer             :   HK$2,384 MN

* * * * * * * *

Tender date                 :   10 January 2006

Paper on offer              :   EF Bills

Issue number                :   Y685

Issue date                  :   11 January 2006

Maturity date               :   10 January 2007

Tenor                       :   364 Days

Amount on offer             :   HK$1,300 MN

End/Tuesday, January 3, 2006
NNNN