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

The following is issued on behalf of Hong Kong Monetary Authority:

Tender date                :  5 February 2008

Paper on offer              :  EF Bills

Issue number                :  M0802

Issue date                  :  6 February 2008

Maturity date              :  17 March 2008

Amount applied              :  HK$2,000 MN

Amount allotted            :  HK$400 MN

Average yield accepted      :  1.55 PCT

Highest yield accepted      :  1.55 PCT

Pro rata ratio              :  About 44 PCT

Average tender yield        :  1.59 PCT

* * * * * * * * * *

Tender date                :  5 February 2008

Paper on offer              :  EF Bills

Issue number                :  Q0805

Issue date                  :  6 February 2008

Maturity date              :  7 May 2008

Amount applied              :  HK$7,170 MN

Amount allotted            :  HK$1,781 MN

Average yield accepted      :  1.49 PCT

Highest yield accepted      :  1.50 PCT

Pro rata ratio              :  About 89 PCT

Average tender yield        :  1.53 PCT

* * * * * * * * * *

Tender date                :  5 February 2008

Paper on offer              :  EF Bills

Issue number                :  Y0886

Issue date                  :  6 February 2008

Maturity date              :  4 February 2009

Amount applied              :  HK$5,220 MN

Amount allotted            :  HK$1,300 MN

Average yield accepted      :  1.50 PCT

Highest yield accepted      :  1.51 PCT

Pro rata ratio              :  100 PCT

Average tender yield        :  1.53 PCT

Ends/Tuesday, February 5, 2008
Issued at HKT 14:13

NNNN