Tender date : 16 May 2007 Paper on offer : EF Notes Issue number : 02Y0905 Issue date : 17 May 2007 Maturity date : 18 May 2009 Coupon rate : 3.90% Competitive Tender Result Amount applied : HK$4,053 MN Amount allotted : HK$1,013 MN Average price accepted (yield) : 100.08 (3.89%) Lowest price accepted (yield) : 100.07 (3.90%) Pro rata ratio : About 91% Average tender price (yield) : 100.00 (3.94%) Non-competitive Tender Results Amount applied : HK$186 MN Amount allotted : HK$186 MN Allotment Price (yield) : 100.07 (3.90%) Pro rata ratio : 100% End/Wednesday, 16 May, 2007 NNNN