Exchange Fund Notes Tender Result

Tender date                      :   23 February 2010

Paper on offer                   :   EF Notes

Issue number                     :   15Y2502

Issue date                       :   24 February 2010

Maturity date                    :   24 February 2025

Coupon                           :   2.95%

Competitive Tender
Result

Amount applied                   :   HK$4,235 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   100.18 (2.96 PCT)

Lowest price accepted (yield)    :   100.11 (2.96 PCT)

Pro rata ratio                   :   About 20%

Average tender price (yield)     :   99.55 (3.01 PCT)

Non-competitive Tender
Results(for applications submitted through Hong Kong Securities
Clearing Company Limited)

Amount applied                   :   0

Amount allotted                  :   0

Allotment Price (yield)          :   NIL

End/Tuesday, 23 February, 2010
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