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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                      :  August 15, 2012

Paper on offer                   :  EF Notes

Issue number                     :  02Y1408

Issue date                       :  August 16, 2012

Maturity date                    :  August 18, 2014

Coupon                           :  0.17%

Competitive Tender Result

Amount applied                   :  HK$6,990 MN

Amount allotted                  :  HK$1,200 MN

Average price accepted (yield)   :  99.94 (0.20 PCT)

Lowest price accepted (yield)    :  99.93 (0.21 PCT)

Pro rata ratio                   :  About 90%

Average tender price (yield)     :  99.86 (0.24 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, August 15, 2012
Issued at HKT 12:08

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