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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 19, 2009

Paper on offer                :   EF Notes

Issue number                  :   15Y2402

Issue date                    :   February 20, 2009

Maturity date                 :   February 20, 2024

Coupon                        :   1.73%

Competitive Tender Result

Amount applied                :   HK$1,540 MN

Amount allotted               :   HK$600 MN

Average price accepted (yield):   100.90 (1.67 PCT)

Lowest price accepted (yield) :   100.50 (1.70 PCT)

Pro rata ratio                :   About 26%

Average tender price (yield)  :   100.05 (1.73 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/Thursday, February 19, 2009
Issued at HKT 12:46

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