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. 02Y2611)

Latest

Same

Maturity Closing Yield-to-Maturity

EFN HKMA Coupon at Closing (%pa)*

Stock Issue Issue Maturity Rate 2024

Code No. Date Date (%pa) 14/11 15/11 18/11 19/11 20/11

4024 15Y2702 24/02/12 24/02/27 1.51 3.231 3.265 3.243 3.183 3.178

Source: Refinitiv