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

Tender date                      :   24 September 2008

Paper on offer                   :   EF Notes

Issue number                     :   05Y1309

Issue date                       :   25 September 2008

Maturity date                    :   25 September 2013

Coupon                           :   2.54%

Competitive Tender Result

Amount applied                   :   HK$3,100 MN

Amount allotted                  :   HK$1,000 MN

Average price accepted (yield)   :   98.72 (2.84 PCT)

Lowest price accepted (yield)    :   98.55 (2.87 PCT)

Pro rata ratio                   :   About 33 PCT

Average tender price (yield)     :   98.43 (2.90 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                      :   24 September 2008

Paper on offer                   :   EF Notes

Issue number                     :   5109
                                     (Re-opening issue)

Issue date                       :   25 September 2008

Maturity date                    :   19 September 2011

Coupon                           :   3.97%

Competitive Tender Result

Amount applied                   :   HK$4,038 MN

Amount allotted                  :   HK$1,199.95 MN

Average price accepted (yield)   :   103.99 (2.59 PCT)

Lowest price accepted (yield)    :   103.90 (2.62 PCT)

Pro rata ratio                   :   About 3 PCT

Average tender price (yield)     :   103.77 (2.67 PCT)


Non-competitive Tender Results (for applications submitted through Hong Kong Securities Clearing Company Limited)

Amount applied                   :   HK$50,000

Amount allotted                  :   HK$50,000

Allotment Price (yield)          :   103.90 (2.62%)

Ends/Wednesday, September 24, 2008
Issued at HKT 14:11

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