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

Tender date                    :   March 19, 2010

Paper on offer                 :   EF Notes

Issue number                   :   05Y1503

Issue date                     :   March 22, 2010

Maturity date                  :   March 23, 2015

Coupon                         :   1.75%

Competitive Tender Result

Amount applied                 :   HK$3,040 MN

Amount allotted                :   HK$1,000 MN

Average price accepted (yield) :   100.00 (1.76 PCT)

Lowest price accepted (yield)  :   99.95 (1.77 PCT)

Pro rata ratio                 :   About 65 PCT

Average tender price (yield)   :   99.86 (1.79 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                    :   March 19, 2010

Paper on offer                 :   EF Notes

Issue number                   :   05Y1303
                                   (Re-opening issue)

Issue date                     :   March 22, 2010

Maturity date                  :   March 18, 2013

Coupon                         :   2.03%

Competitive Tender Result

Amount applied                 :   HK$4,180 MN

Amount allotted                :   HK$1,200 MN

Average price accepted (yield) :   102.84 (1.07 PCT)

Lowest price accepted (yield)  :   102.82 (1.07 PCT)

Pro rata ratio                 :   About 57 PCT

Average tender price (yield)   :   102.77 (1.09 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

Ends/Friday, March 19, 2010
Issued at HKT 15:10

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