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:

Tender date                 :   November 25, 2008

Paper on offer              :   EF Bills

Issue number                :   M0817

Issue date                  :   November 26, 2008

Maturity date               :   December 19, 2008

Amount applied              :   HK$2,800 MN

Amount allotted             :   HK$400 MN

Average yield accepted      :   0.00 PCT

Highest yield accepted      :   0.00 PCT

Pro rata ratio              :   100 PCT

Average tender yield        :   0.21 PCT

* * * * * * * * * *

Tender date                 :   November 25, 2008

Paper on offer              :   EF Bills

Issue number                :   Q0847

Issue date                  :   November 26, 2008

Maturity date               :   February 25, 2009

Amount applied              :   HK$60,350 MN

Amount allotted             :   HK$6,135 MN

Average yield accepted      :   0.00 PCT

Highest yield accepted      :   0.00 PCT

Pro rata ratio              :   About 10 PCT

Average tender yield        :   0.01 PCT

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Hong Kong Monetary Authority
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Tenders to be held in the week beginning ¡V December 1, 2008 :-

Tender date                 :   December 2, 2008

Paper on offer              :   EF Bills

Issue number                :   M0818

Issue date                  :   December 3, 2008

Maturity date               :   March 11, 2009

Tenor                       :   98 Days

Amount on offer             :   HK$4,000 MN *

* * * * * * * * * *

Tender date                 :   December 2, 2008

Paper on offer              :   EF Bills

Issue number                :   Q0848

Issue date                  :   December 3, 2008

Maturity date               :   March 4, 2009

Tenor                       :   91 Days

Amount on offer             :   HK$7,401 MN *

* * * * * * * * * *

Tender date                 :   December 2, 2008

Paper on offer              :   EF Bills

Issue number                :   H0878

Issue date                  :   December 3, 2008

Maturity date               :   June 3, 2009

Tenor                       :   182 Days

Amount on offer             :   HK$1,300 MN


* Inclusive of HK$4,000 MN worth of additional issue
announced on November 24, 2008.

Ends/Tuesday, November 25, 2008
Issued at HKT 15:05

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