13:00     Last 5 Trading-Days Closing Yield of the existing EFN               

                                                                              
    The Closing Prices from the OTC/Exchange market as of the last 5 trading  
    days of the existing EFN for reference:                                   
                                                                              
    Re: EFN at tender (HKMA Issuer No.5806)                                   
                                                                              
    Existing                                                                  
    EFN   HKMA  Original           Coupon    Closing Yield-to-Maturity        
    Stock Issue  Issue   Maturity   Rate        at Closing (%pa)*             
    Code  No.    Date     Date     (%pa)     07/04 08/04 11/04 12/04 13/04    
    ----  ----- -------- --------  ------    ----- ----- ----- ----- -----    
    4111  5806  16/06/03 16/06/08   2.47      3.53  3.54  3.51  3.45  3.42    
                                                                              
    * Source : Reuters