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

Tender date                     :  4 December 2007

Paper on offer                  :  EF Notes

Issue number                    :  10Y1712

Issue date                      :  5 December 2007

Maturity date                   :  5 December 2017

Coupon                          :  3.52%

Competitive Tender Result

Amount applied                  :  HK$2,790 MN

Amount allotted                 :  HK$800 MN

Average price accepted (yield)  :  103.40 (3.15 PCT)

Lowest price accepted (yield)   :  103.25 (3.16 PCT)

Pro rata ratio                  :  10 PCT

Average tender price (yield)    :  103.09 (3.18 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/Tuesday, December 4, 2007
Issued at HKT 14:20

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