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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                      :  24 June 2008

Paper on offer                  :  EF Notes

Issue number                    :  10Y1806

Issue date                      :  25 June 2008

Maturity date                    :  25 June 2018

Coupon                          :  3.56%


Competitive Tender Result

Amount applied                  :  HK$2,010 MN

Amount allotted                  :  HK$800 MN

Average price accepted (yield)  :  98.62 (3.76 PCT)

Lowest price accepted (yield)    :  98.30 (3.80 PCT)

Pro rata ratio                  :  About 14%

Average tender price (yield)    :  98.30 (3.80 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, June 24, 2008
Issued at HKT 14:51

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