Hong Kong Monetary Authority Exchange Fund Bills Tender Results
********************************************************

The following is issued on behalf of the Hong Kong Monetary Authority:


Tender date                :  February 26, 2008

Paper on offer              :  EF Bills

Issue number                :  Q0808

Issue date                  :  February 27, 2008

Maturity date              :  May 28, 2008

Amount applied              :  HK$30,750 MN

Amount allotted            :  HK$3,491 MN

Average yield accepted      :  1.15 PCT

Highest yield accepted      :  1.15 PCT

Pro rata ratio              :  About 17 PCT

Average tender yield        :  1.18 PCT

* * * * * * * * * *

Tender date                :  February 26, 2008

Paper on offer              :  EF Bills

Issue number                :  H0858

Issue date                  :  February 27, 2008

Maturity date              :  August 27, 2008

Amount applied              :  HK$9,400 MN

Amount allotted            :  HK$1,300 MN

Average yield accepted      :  1.28 PCT

Highest yield accepted      :  1.31 PCT

Pro rata ratio              :  About 71 PCT

Average tender yield        :  1.34 PCT




Hong Kong Monetary Authority
****************************

Tenders to be held in the week beginning ¡ª Mar 3, 2008:-


Tender date                :  March 4, 2008

Paper on offer              :  EF Bills

Issue number                :  Q0809

Issue date                  :  March 5, 2008

Maturity date              :  June 4, 2008

Tenor                      :  91 Days

Amount on offer            :  HK$3,168 MN

* * * * * * * * * *

Tender date                :  March 4, 2008

Paper on offer              :  EF Bills

Issue number                :  Y0887

Issue date                  :  March 5, 2008

Maturity date              :  March 4, 2009

Tenor                      :  364 Days

Amount on offer            :  HK$1,300 MN


Ends/Tuesday, February 26, 2008
Issued at HKT 14:36

NNNN