Exchange Fund Notes Tender Result

Tender date                      :   30 May 2014

Paper on offer                   :   EF Notes

Issue number                     :   10Y2406

Issue date                       :   3 June 2014

Maturity date                    :   3 June 2024

Coupon                           :   1.96%

Competitive Tender Result

Amount applied                   :   HK$4,955 MN

Amount allotted                  :   HK$800 MN

Average price accepted (yield)   :   100.50 (1.91 PCT)

Lowest price accepted (yield)    :   100.35 (1.93 PCT)

Pro rata ratio                   :   About 70%

Average tender price (yield)     :   100.28 (1.94 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, 30 May, 2014
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