Tender date : 21 November 2006 Paper on offer : EF Notes Issue number : 7311 Issue date : 22 November 2006 Maturity date : 22 November 2013 Coupon : 3.83% Amount applied : HK$1,382 MN Amount allotted : HK$600 MN Average price accepted (yield) : 100.21 (3.83 PCT) Lowest price accepted (yield) : 100.15 (3.84 PCT) Pro rata ratio : About 66 PCT Average tender price (yield) : 100.13 (3.85 PCT) End/Tuesday, 21 November 2006 NNNN