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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                   :   December 9, 2008

Paper on offer                :   EF Notes

Issue number                  :   10Y1812

Issue date                    :   December 10, 2008

Maturity date                 :   December 10, 2018

Coupon                        :   1.61%

Competitive Tender Result

Amount applied                :   HK$3,350 MN

Amount allotted               :   HK$800 MN

Average price accepted (yield):   99.94 (1.62 PCT)

Lowest price accepted (yield) :   99.63 (1.66 PCT)

Pro rata ratio                :   About 85%

Average tender price (yield)  :   99.18 (1.71 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, December 9, 2008
Issued at HKT 14:51

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