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Tender information on the 16th issue of two-year Exchange Fund notes is as

follows:

Issue number

Tender date and time

Issue and settlement date

Amount on offer

Maturity

Maturity date

Interest rate

Interest payment dates

Tender amount

Other details

: 2902

:Monday, 10 February 1997,

9.30 am to 10.30 am

: Tuesday, 11 February 1997

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

reserve stock for the Monetary Authority

: Two years

:11 February 1999

: 5.66% per annum payable semi-annually in arrears

: 11 Aug 1997, 11 Feb 1998, 11 Aug 1998, 11 Feb 1999

: 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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