Exchange Fund Notes Tender Result

Tender date                      :   3 December 2012

Paper on offer                   :   EF Notes

Issue number                     :   10Y2212

Issue date                       :   4 December 2012

Maturity date                    :   5 December 2022

Coupon                           :   0.55%

Competitive Tender Result

Amount applied                   :   HK$2,379 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   99.64 (0.59 PCT)

Lowest price accepted (yield)    :   99.40 (0.61 PCT)

Pro rata ratio                   :   About 80%

Average tender price (yield)     :   99.25 (0.63 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, 3 December, 2012
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