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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                      :  February 12, 2008

Paper on offer                  :  EF Notes

Issue number                    :  02Y1002

Issue date                      :  February 13, 2008

Maturity date                    :  February 15, 2010

Coupon                          :  1.52%

Competitive Tender Result

Amount applied                  :  HK$3,460 MN

Amount allotted                  :  HK$1,200 MN

Average price accepted (yield)  :  100 (1.53 PCT)

Lowest price accepted (yield)    :  99.95 (1.55 PCT)

Pro rata ratio                  :  About 63%

Average tender price (yield)    :  99.87 (1.59 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, February 12, 2008
Issued at HKT 14:34

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