Exchange Fund Notes Tender Result

Tender date                      :   18 May 2016

Paper on offer                   :   EF Notes

Issue number                     :   02Y1805

Issue date                       :   19 May 2016

Maturity date                    :   21 May 2018

Coupon                           :   0.67%

Competitive Tender Result

Amount applied                   :   HK$8,190 MN

Amount allotted                  :   HK$1,200 MN

Average price accepted (yield)   :   100.15 (0.59 PCT)

Lowest price accepted (yield)    :   100.15 (0.60 PCT)

Pro rata ratio                   :   About 66%

Average tender price (yield)     :   100.05 (0.64 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 May, 2016
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