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Members of the public who wish to tender for the Notes may do so through any of the Market Makers or Recognised Dealers on the published list which can be obtained from the Hong Kong Monetary Authority, 30th floor, 3 Garden Road, Hong Kong (or telephone 2878 8150). Each tender must be for an amount of HK$50,000 or integral multiples thereof.

Tender information for the 12th issue of Two-year Exchange Fund Notes is as follows -

Issue Number

Tender Date and Time

: 2802

: Monday, February 12, 1996, 9.30 am to 10.30 am

Issue and Settlement Date: Tuesday, February 13, 1996

Amount on Offer

Maturity

Maturity Date

Interest Rate

Interest Payment Dates

Tender Amount

Other details

: HK$500 million plus an additional HK$100 million

as reserve stock for the Monetary Authority

: Two years

: February 13, 1998

: 5.16% per annum payable semi-annually in arrears

: 13 Aug 1996, 13 Feb 1997, 13 Aug 1997, 13 Feb 1998

: Each tender must be for an amount of HK$50,000 or

integral multiples thereof. Members of the public who wish to tender for the Notes may approach Market Makers or Recognised Dealers on the published list

: Please see Information Memorandum published or

approach Market Makers or Recognised Dealers

End

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