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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 23, 2010

Paper on offer                   :   EF Notes

Issue number                     :   15Y2502

Issue date                       :   February 24, 2010

Maturity date                    :   February 24, 2025

Coupon                           :   2.95%

Competitive Tender Result

Amount applied                   :   HK$4,235 MN

Amount allotted                  :   HK$600 MN

Average price accepted (yield)   :   100.18 (2.96 PCT)

Lowest price accepted (yield)    :   100.11 (2.96 PCT)

Pro rata ratio                   :   About 20%

Average tender price (yield)     :   99.55 (3.01 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/Tuesday, February 23, 2010
Issued at HKT 15:17

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