08:54     EFN Benchmark Data Daily Fixing on 01/03/05                         

                                                                              
    EFN benchmark data daily fixing on 01/03/05 are as follows:               
                                                                              
    (Source: Reuters for reference only)                                      
                                                                              
    Stock Code   HKMA Issue No.   Coupon Rate    Price      Yield-to-Maturity 
          4133          2702         1.70         98.53        2.489          
          4107          5803         2.98        100.34        2.887          
          4132          5912         2.69         97.28        3.333          
          4134          7202         3.14         96.95        3.672          
          4131          1412         3.51         96.80        3.945