The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy the securities of HKSAR Government in the United States. HKSAR Government's securities may not be offered or sold in the United States absent registration under the United States Securities Act of 1933 or an exemption from registration. Any public offering of securities in the United States will be made by means of an offering circular that can be obtained from the HKSAR Government, and the offering circular will contain detailed information about the HKSAR Government. No money, securities or other consideration is being solicited by this document.

The information contained herein also does not constitute an offer to sell or a solicitation of an offer to buy HKSAR Government's securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

u u