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	    The following is issued on behalf of the Hong Kong Monetary Authority:
Tender date                      :   May 14, 2008
Paper on offer                   :   EF Notes
Issue number                     :   02Y1005
Issue date                       :   May 15, 2008
Maturity date                    :   May 17, 2010
Coupon                           :   1.77%
Competitive Tender Result
Amount applied                   :   HK$2,760 MN
Amount allotted                  :   HK$1,200 MN
Average price accepted (yield)   :   99.64 (1.96 PCT)
Lowest price accepted (yield)    :   99.60 (1.98 PCT)
Pro rata ratio                   :   About 40%
Average tender price (yield)     :   99.55 (2.01 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/Wednesday, May 14, 2008
Issued at HKT 12:26
  	  	NNNN
  	    



