Exchange Fund Notes Tender Result

Tender date                      :   17 September 2010

Paper on offer                   :   EF Notes

Issue number                     :   05Y1509

Issue date                       :   20 September 2010

Maturity date                    :   21 September 2015

Coupon                           :   1.18%

Competitive Tender Result

Amount applied                   :   HK$5,380 MN

Amount allotted                  :   HK$1,000 MN

Average price accepted (yield)   :   99.79 (1.23 PCT)

Lowest price accepted (yield)    :   99.65 (1.26 PCT)

Pro rata ratio                   :   About 35 PCT

Average tender price (yield)     :   99.45 (1.30 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                      :   17 September 2010

Paper on offer                   :   EF Notes

Issue number                     :   05Y1309

(Re-opening issue)

Issue date                       :   20 September 2010

Maturity date                    :   25 September 2013

Coupon                           :   2.54%

Competitive Tender Result

Amount applied                   :   HK$3,460 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   105.50 (0.69 PCT)

Lowest price accepted (yield)    :   105.40 (0.73 PCT)

Pro rata ratio                   :   About 13 PCT

Average tender price (yield)     :   105.35 (0.74 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

End/Friday, 17 September 2010

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