Exchange Fund Notes Tender Result

Tender date                      :   18 June 2012

Paper on offer                   :   EF Notes

Issue number                     :   10Y2206

Issue date                       :   19 June 2012

Maturity date                    :   20 June 2022

Coupon                           :   0.97%

Competitive Tender Result

Amount applied                   :   HK$3,130 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   99.74 (1.00 PCT)

Lowest price accepted (yield)    :   99.70 (1.00 PCT)

Pro rata ratio                   :   100%

Average tender price (yield)     :   99.29 (1.05 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/Monday, 18 June, 2012
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