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

Tender date                :  25 July 2008

Paper on offer              :  EF Bills

Issue number                :  M0814

Issue date                  :  28 July 2008

Maturity date              :  27 August 2008

Amount applied              :  HK$3,000 MN

Amount allotted            :  HK$600 MN

Average yield accepted      :  1.23 PCT

Highest yield accepted      :  1.23 PCT

Pro rata ratio              :  About 28 PCT

Average tender yield        :  1.24 PCT

Ends/Friday, July 25, 2008
Issued at HKT 11:36

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