Exchange Fund Bills Tender Results

Tender date                 :   29 October 2002

Paper on offer              :   EF Bills

Issue number                :   Q243

Issue date                  :   30 October 2002

Maturity date               :   29 January 2003

Amount applied              :   HK$19,455 MN

Amount allotted             :   HK$4,269 MN

Average yield accepted      :   1.65 PCT

Highest yield accepted      :   1.66 PCT

Pro rata ratio              :   About 83 PCT

Average tender yield        :   1.69 PCT

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

Tender date                 :   29 October 2002

Paper on offer              :   EF Bills

Issue number                :   H276

Issue date                  :   30 October 2002

Maturity date               :   30 April 2003

Amount applied              :   HK$10,860 MN

Amount allotted             :   HK$1,300 MN

Average yield accepted      :   1.65 PCT

Highest yield accepted      :   1.65 PCT

Pro rata ratio              :   About 100 PCT

Average tender yield        :   1.70 PCT

----------------------------

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

Tender to be held in the week beginning - 4 Nov 02 :-

Tender date                 :   5 November 2002

Paper on offer              :   EF Bills

Issue number                :   Q244

Issue date                  :   6 November 2002

Maturity date               :   5 February 2003

Tenor                       :   91 Days

Amount on offer             :   HK$2,898 MN

End/Tuesday, October 29, 2002
NNNN