Treasury Bills Issue Number                               : TB -091-27022008

Auction Date                                                     :  27 February 2008

Settlement Date                                                 :  29 February 2008

Maturity Date                                                     :  30 May 2008 

Amount Offered (Face Value)                              :  M 150 million

Total of bids received                                          :  M 196.8 million

Amount Issued                                                  :  M 150 million

Allocation Price of successful bids                      :  97.705

Equivalent Discount Rate                                    :  9.2052%

Equivalent Annual Effective Yield                         : 9.7599%

Allocation at the cut-off                                       :  100%

Range of successful prices                                 :  98.915 - 97.705

Range of unsuccessful prices                              :  97.705 - 97.650