Exchange Fund Notes Tender Result

Tender date                      :   24 September 2008 

Paper on offer                   :   EF Notes 

Issue number                     :   05Y1309 

Issue date                       :   25 September 2008 

Maturity date                    :   25 September 2013 

Coupon                           :   2.54% 

Competitive Tender Result

Amount applied                   :   HK$3,100 MN 

Amount allotted                  :   HK$1,000 MN 

Average price accepted (yield)   :   98.72 (2.84 PCT)

Lowest price accepted (yield)    :   98.55 (2.87 PCT) 

Pro rata ratio                   :   About 33 PCT 

Average tender price (yield)     :   98.43 (2.90 PCT)

Non-competitive Tender Results(for applications submitted through Hong Kong Securities Clearing Company Limited)

Amount applied                   :   0

Amount allotted                  :   0

Allotment Price (yield)          :   Nil

* * * * * * * * * *

Tender date                      :   24 September 2008 

Paper on offer                   :   EF Notes 

Issue number                     :   5109
                                     (Re-opening issue)

Issue date                       :   25 September 2008

Maturity date                    :   19 September 2011 

Coupon                           :   3.97% 

Competitive Tender Result

Amount applied                   :   HK$4,038 MN

Amount allotted                  :   HK$1,199.95 MN

Average price accepted (yield)   :   103.99 (2.59 PCT)

Lowest price accepted (yield)    :   103.90 (2.62 PCT) 

Pro rata ratio                   :   About 3 PCT 

Average tender price (yield)     :   103.77 (2.67 PCT) 

Non-competitive Tender Results(for applications submitted through Hong Kong Securities Clearing Company Limited)

Amount applied                   :   HK$50,000

Amount allotted                  :   HK$50,000

Allotment Price (yield)          :   103.90 (2.62%)

 

End/Wednesday, 24 September 2008
NNNN