Exchange Fund Notes Tender Result

Tender date                      :   19 May 2015

Paper on offer                   :   EF Notes

Issue number                     :   02Y1705

Issue date                       :   20 May 2015

Maturity date                    :   22 May 2017

Coupon                           :   0.46%

Competitive Tender Result

Amount applied                   :   HK$5,160 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.09 (0.42 PCT)

Lowest price accepted (yield)    :   100.09 (0.42 PCT)

Pro rata ratio                   :   About 48%

Average tender price (yield)     :   100.04 (0.44 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/Tuesday, 19 May, 2015
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