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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 18, 2008

Paper on offer              :   EF Bills

Issue number                :   M0801

Issue date                  :   January 21, 2008

Maturity date               :   February 20, 2008

Amount applied              :   HK$2,900 MN

Amount allotted             :   HK$600 MN

Average yield accepted      :   1.67 PCT

Highest yield accepted      :   1.68 PCT

Pro rata ratio              :   100 PCT

Average tender yield        :   1.92 PCT

Ends/Friday, January 18, 2008
Issued at HKT 12:06

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