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

Tender date                 :   January 11, 2008

Paper on offer              :   EF Bills

Issue number                :   M0853

Issue date                  :   January 14, 2008

Maturity date               :   April 14, 2008

Amount applied              :   HK$24,300 MN

Amount allotted             :   HK$6,000 MN

Average yield accepted      :   2.32 PCT

Highest yield accepted      :   2.38 PCT

Pro rata ratio              :   About 50 PCT

Average tender yield        :   2.48 PCT

Ends/Friday, January 11, 2008
Issued at HKT 11:46

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