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 Government Treasury Bills - Results, Auction No. 120

Treasury Bills Issue Number                   :           TB -091-28112007

Auction Date                                         :           28 November 2007

Settlement Date                                     :           30 November 2007

Maturity Date                                         :           29 February 2008          

Amount Offered (Face Value)                  :           M 150 million

Total of bids received                              :           M 232.88million

Amount Issued                                      :           M 150 million

Allocation Price of successful bids          :           97.800

Equivalent Discount Rate                        :           8.8242%

Equivalent Annual Effective Yield             :           9.3329%

Allocation at the cut-off                           :           100%

Range of successful prices                     :           98.915-97.800

Range of unsuccessful prices                  :           97.800-97.650

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