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                 :   January 20, 2009

Paper on offer              :   EF Bills

Issue number                :   Q0903

Issue date                  :   January 21, 2009

Maturity date               :   April 22, 2009

Amount applied              :   HK$27,030 MN

Amount allotted             :   HK$8,015 MN

Average yield accepted      :   0.17 PCT

Highest yield accepted      :   0.18 PCT

Pro rata ratio              :   About 24 PCT

Average tender yield        :   0.19 PCT

Ends/Tuesday, January 20, 2009
Issued at HKT 12:52

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