08:55     Latest EFN Closing Yield-to-Maturity of Last 5 Trading Days         

                                                                              
    Yield-to-Maturity at Closing from the OTC market as of the last 5 trading 
    days of the latest EFN in issue with similar time-to-maturity ("Latest    
    EFN") as the EFN at tender for reference:                                 
                                                                              
    Re: EFN at tender (HKMA Issue No.7202)                                    
                                                                              
    Latest                                                                    
    Same                                                                      
    Maturity                                                                  
    EFN   HKMA                    Coupon      Closing Yield-to-Maturity       
    Stock Issue   Issue  Maturity  Rate            at Closing (%pa)*          
    Code  No.     Date     Date   (%pa)    15/02 16/02 17/02 18/02 21/02      
    ----  -----   ----     ----   ------   ----- ----- ----- ----- -----      
    4089  1112  05/12/01 05/12/11  5.92     3.19  3.20  3.25  3.37  3.55      
                                                                              
    * Source: Reuters