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Hong Kong Monetary Authority Exchange Fund Notes Tender Result
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The following is issued on behalf of Hong Kong Monetary Authority:

Tender date                   :   14 September 2007

Paper on offer                :   EF Notes

Issue number                  :   05Y1209

Issue date                    :   17 September 2007

Maturity date                 :   17 September 2012

Coupon                        :   4.20%

Competitive Tender Result

Amount applied                :   HK$5,080 MN

Amount allotted               :   HK$1,000 MN

Average price accepted (yield):   100.82 (4.06 PCT)

Lowest price accepted (yield) :   100.80 (4.06 PCT)

Pro rata ratio                :   About 23 PCT

Average tender price (yield)  :   100.73 (4.08 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

Ends/Friday, September 14, 2007
Issued at HKT 15:45

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