Exchange Fund Notes Tender Result

Tender date                      :   20 June 2014

Paper on offer                   :   EF Notes

Issue number                     :   05Y1906

Issue date                       :   23 June 2014

Maturity date                    :   24 June 2019

Coupon                           :   1.34%

Competitive Tender Result

Amount applied                   :   HK$4,250 MN

Amount allotted                  :   HK$1,000 MN

Average price accepted (yield)   :   99.73 (1.40 PCT)

Lowest price accepted (yield)    :   99.65 (1.42 PCT)

Pro rata ratio                   :   About 100 PCT

Average tender price (yield)     :   99.60 (1.43 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                      :   20 June 2014

Paper on offer                   :   EF Notes

Issue number                     :   05Y1706
                                     (Re-opening issue)

Issue date                       :   23 June 2014

Maturity date                    :   19 June 2017

Coupon                           :   0.44%

Competitive Tender Result

Amount applied                   :   HK$8,060 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   98.87 (0.83 PCT)

Lowest price accepted (yield)    :   98.86 (0.83 PCT)

Pro rata ratio                   :   About 75 PCT

Average tender price (yield)     :   98.81 (0.85 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, 20 June 2014
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