Exchange Fund Notes Tender Result

Tender date                      :   21 August 2013

Paper on offer                   :   EF Notes

Issue number                     :   15Y2808

Issue date                       :   22 August 2013

Maturity date                    :   22 August 2028

Coupon                           :   2.49%

Competitive Tender Result

Amount applied                   :   HK$4,187 MN

Amount allotted                  :   HK$599.6 MN

Average price accepted (yield)   :   97.38 (2.72 PCT)

Lowest price accepted (yield)    :   97.12 (2.74 PCT)

Pro rata ratio                   :   About 7%

Average tender price (yield)     :   96.77 (2.77 PCT)

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

Amount applied                   :   0.4 MN

Amount allotted                  :   0.4 MN

Allotment Price (yield)          :   97.12 (2.74%)

End/Wednesday, 21 August, 2013
NNNN