Tracker Fund of Hong Kong - Tap Issue Limit

The Hong Kong Monetary Authority has today advised State Street Global Advisors (HK) Limited, the Manager of TraHK, that the maximum number of Units for which Hang Seng Index Shares will be made available under the Tap Facility for the period from 1 January 2000 to 31 March 2000 will be 762 million Units. The value of this Tap Issue Limit is approximately HK$12 billion, calculated by reference to the Nominal Closing Price of a Unit of TraHK quoted by the Stock Exchange of Hong Kong on 15 December 1999.

Hong Kong Monetary Authority

15 December 1999