08:58     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.5003)                                    
                                                                              
    Latest                                                                    
    Same                                                                      
    Maturity                                                                  
    EFN   HKMA                    Coupon      Closing Yield-to-Maturity       
    Stock Issue   Issue  Maturity  Rate            at Closing (%pa)*          
    Code  No.     Date     Date   (%pa)    07/03 08/03 09/03 10/03 11/03      
    ----  -----   ----     ----   ------   ----- ----- ----- ----- -----      
    4106  7002  27/02/03 26/02/10  3.80     3.55  3.61  3.63  3.75  3.74      
                                                                              
    * Source: Reuters