Exchange Fund Bills Tender Results

Tender date                 :   6 August 2002

Paper on offer              :   EF Bills

Issue number                :   Q231

Issue date                  :   7 August 2002

Maturity date               :   6 November 2002

Amount applied              :   HK$16,025 MN

Amount allotted             :   HK$2,825 MN

Average yield accepted      :   1.37 PCT

Highest yield accepted      :   1.38 PCT

Pro rata ratio              :   About 9 PCT

Average tender yield        :   1.40 PCT

* * * * * * * * * * * *

Tender date                 :   6 August 2002

Paper on offer              :   EF Bills

Issue number                :   H270

Issue date                  :   7 August 2002

Maturity date               :   5 February 2003

Amount applied              :   HK$12,580 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.40 PCT

Highest yield accepted      :   1.41 PCT

Pro rata ratio              :   About 16 PCT

Average tender yield        :   1.45 PCT

-----------------------------
Hong Kong Monetary Authority
****************************

Tender to be held in the week beginning - 12 Aug 02 :-

Tender date                 :   13 August 2002

Paper on offer              :   EF Bills

Issue number                :   Q232

Issue date                  :   14 August 2002

Maturity date               :   13 November 2002

Tenor                       :   91 Days

Amount on offer             :   HK$3,660 MN

End/Tuesday, August 6, 2002
NNNN