Treasury Bills Registration Number                  TB -182-05092007

Auction Date                                                  05 Sept 2007

Settlement Date                                             07 Sept 2007

Maturity Date                                                 07 March 2007

Amount Offered (Face Value)                           M 20 million

Total of bids received:                                                    

Competitive                                                     M 16.68million

Non-competitive                                               M   3.32million

 Amount Issued                                               M 20 million

Allocation Price of successful bids:

Competitive                              95.560

Non-competitive                        95.660

Equivalent Discount Rate:

                        Competitive                              8.9044%

                        Non-competitive                        8.7044%

Equivalent Annual Effective Yield:

                        Competitive                              9.5358%

                        Non-competitive                        9.1000%

Allocation at the cut-off                                     100%

Range of successful prices                                96.760-95.560

Range of unsuccessful prices                                       -