AA Note Programme Tender Results

Tender date                      :   5 July 2001

Paper on offer                   :   AA Notes

Issue number                     :   A503

Issue date                       :   6 July 2001

Maturity date                    :   6 July 2006

Coupon                           :   5.60%

Amount applied                   :   HK$4,810 MN

Amount allotted                  :   HK$500 MN

Average price accepted (yield)   :   99.13 (5.89 PCT)

Lowest price accepted (yield)    :   99.12 (5.89 PCT)

Pro rata ratio                   :   About 93 PCT

Average tender price (yield)     :   98.93 (5.94 PCT)

End/Thursday, July 5, 2001
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