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                      :  March 14, 2008

Paper on offer                  :  EF Notes

Issue number                    :  05Y1303

Issue date                      :  March 17, 2008

Maturity date                    :  March 18, 2013

Coupon                          :  2.03%

Competitive Tender Result

Amount applied                  :  HK$7,880 MN

Amount allotted                  :  HK$1,000 MN

Average price accepted (yield)  :  100.32 (1.97 PCT)

Lowest price accepted (yield)    :  100.25 (1.99 PCT)

Pro rata ratio                  :  100 PCT

Average tender price (yield)    :  100.10 (2.02 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


* * * * * * * * * *


Tender date                      :  March 14, 2008

Paper on offer                  :  EF Notes

Issue number                    :  5103
                                    (Re-opening issue)

Issue date                      :  March 17, 2008

Maturity date                    :  March 21, 2011

Coupon                          :  4.23%

Competitive Tender Result

Amount applied                  :  HK$7,970 MN

Amount allotted                  :  HK$1,200 MN

Average price accepted (yield)  :  108.07 (1.48 PCT)

Lowest price accepted (yield)    :  108.03 (1.50 PCT)

Pro rata ratio                  :  About 71 PCT

Average tender price (yield)    :  108.00 (1.51 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/Friday, March 14, 2008
Issued at HKT 14:10

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