Exchange Fund Notes Tender Result

Tender date                      :   29 November 2013

Paper on offer                   :   EF Notes

Issue number                     :   10Y2312

Issue date                       :   2 December 2013

Maturity date                    :   4 December 2023

Coupon                           :   1.94%

Competitive Tender Result

Amount applied                   :   HK$2,910 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   98.89 (2.07 PCT)

Lowest price accepted (yield)    :   98.80 (2.08 PCT)

Pro rata ratio                   :   100%

Average tender price (yield)     :   98.50 (2.12 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, 29 November, 2013
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