Exchange Fund Notes Tender Result

Tender date                      :   18 December 2013

Paper on offer                   :   EF Notes

Issue number                     :   05Y1812

Issue date                       :   19 December 2013

Maturity date                    :   19 December 2018

Coupon                           :   1.17%

Competitive Tender Result

Amount applied                   :   HK$3,500 MN

Amount allotted                  :   HK$1,000 MN

Average price accepted (yield)   :   99.55 (1.27 PCT)

Lowest price accepted (yield)    :   99.48 (1.28 PCT)

Pro rata ratio                   :   About 46 PCT

Average tender price (yield)     :   99.43 (1.29 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                      :   18 December 2013

Paper on offer                   :   EF Notes

Issue number                     :   05Y1612
                                     (Re-opening issue)

Issue date                       :   19 December 2013

Maturity date                    :   19 December 2016

Coupon                           :   0.82%

Competitive Tender Result

Amount applied                   :   HK$3,460 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.75 (0.57 PCT)

Lowest price accepted (yield)    :   100.71 (0.58 PCT)

Pro rata ratio                   :   About 26 PCT

Average tender price (yield)     :   100.68 (0.59 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/Wednesday, 18 December 2013
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