Exchange Fund Notes Tender Result

Tender date                      :   16 February 2016

Paper on offer                   :   EF Notes

Issue number                     :   02Y1802

Issue date                       :   17 February 2016

Maturity date                    :   19 February 2018

Coupon                           :   0.93%

Competitive Tender Result

Amount applied                   :   HK$7,695 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.43 (0.71 PCT)

Lowest price accepted (yield)    :   100.42 (0.72 PCT)

Pro rata ratio                   :   About 2%

Average tender price (yield)     :   100.32 (0.77 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, 16 February, 2016
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