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                 :   December 23, 2008

Paper on offer              :   EF Bills

Issue number                :   Q0851

Issue date                  :   December 24, 2008

Maturity date               :   March 25, 2009

Amount applied              :   HK$13,855 MN

Amount allotted             :   HK$3,055 MN

Average yield accepted      :   0.01 PCT

Highest yield accepted      :   0.03 PCT

Pro rata ratio              :   About 27 PCT

Average tender yield        :   0.09 PCT

Ends/Tuesday, December 23, 2008
Issued at HKT 14:45

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