HKMC Note Issuance Programme Tender Results

Tender date                      :   28 August 2001

Paper on offer                   :   HKMC Notes

Issue number                     :   S310

Issue date                       :   29 August 2001

Maturity date                    :   30 August 2004

Coupon                           :   4.28 PCT

COMPETITIVE TENDER BY RECOGNISED DEALERS

Amount applied                   :   HK$4,504 MN

Amount allotted                  :   HK$250 MN

Average price accepted (yield)   :   99.73 (4.41 PCT)

Lowest price accepted (yield)    :   99.45 (4.50 PCT)

Pro-rata ratio                   :   About 33 PCT

Average tender price (yield)     :   99.26 (4.56 PCT)

NON-COMPETITIVE TENDER BY PUBLIC SUBSCRIPTION

Amount applied                   :   253.6 MN

Amount allotted                  :   250 MN

Average price accepted (yield)   :   99.73 (4.41 PCT)

End/Tuesday, August 28, 2001

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