Hong Kong Monetary Authority Exchange Fund Bills Tender Results
********************************************************

Tender date              :   June 5 2007

Paper on offer           :   EF Bills

Issue number             :   Q0723

Issue date               :   June 6 2007

Maturity date            :   September 5 2007

Amount applied           :   HK$10,483 MN

Amount allotted          :   HK$3,166 MN

Average yield accepted   :   3.97 PCT

Highest yield accepted   :   3.98 PCT

Pro rata ratio           :   About 38 PCT

Average tender yield     :   3.99 PCT

* * * * * * * * * *

Tender date              :   June 5 2007

Paper on offer           :   EF Bills

Issue number             :   H0766

Issue date               :   June 6 2007

Maturity date            :   December 5 2007

Amount applied           :   HK$4,990 MN

Amount allotted          :   HK$1,300 MN

Average yield accepted   :   4.16 PCT

Highest yield accepted   :   4.17 PCT

Pro rata ratio           :   About 66 PCT

Average tender yield     :   4.19 PCT


------------------------------------------------

Hong Kong Monetary Authority
****************************

Tenders to be held in the week beginning ¡V June 11 2007 :-

Tender date              :   June 12 2007

Paper on offer           :   EF Bills

Issue number             :   Q0724

Issue date               :   June 13 2007

Maturity date            :   September 12 2007

Tenor                    :   91 Days

Amount on offer          :   HK$3,788 MN

Ends/Tuesday, June 5, 2007
Issued at HKT 15:15

NNNN