Hong Kong Monetary Authority Exchange Fund Bills Tender Results
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The following is issued on behalf of the Hong Kong Monetary Authority:

Exchange Fund Bills Tender Results
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Tender date                :  March 18, 2008

Paper on offer              :  EF Bills

Issue number                :  M0804

Issue date                  :  March 19, 2008

Maturity date              :  April 16, 2008

Amount applied              :  HK$6,200 MN

Amount allotted            :  HK$3,000 MN

Average yield accepted      :  0.62 PCT

Highest yield accepted      :  0.68 PCT

Pro rata ratio              :  About 60 PCT

Average tender yield        :  0.73 PCT

* * * * * * * * * *

Tender date                :  March 18, 2008

Paper on offer              :  EF Bills

Issue number                :  Q0811

Issue date                  :  March 19, 2008

Maturity date              :  June 18, 2008

Amount applied              :  HK$7,700 MN

Amount allotted            :  HK$2,210 MN

Average yield accepted      :  0.61 PCT

Highest yield accepted      :  0.63 PCT

Pro rata ratio              :  About 87 PCT

Average tender yield        :  0.70 PCT

Ends/Tuesday, March 18, 2008
Issued at HKT 14:33

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