Treasury Bills Registration Number                      TB -182-08052007

Auction Date                                                      08 May 2007

Settlement Date                                                 11 May 2007

Maturity Date                                                     09 November 2007

Amount Offered (Face Value)                               M 50 million

Total of bids received:                                                    

        Competitive                                               M 24.97 million

        Non-competitive                                         M   5.18 million

Amount Issued                                                   M 30.15 million

Allocation Price of successful bids

           Competitive                                            96.285

Non-competitive                                     96.380

Equivalent Discount Rate:

            Competitive                                           7.4505%

            Non-competitive                                     7.2504%

Equivalent Annual Effective Yield:

            Competitive                                            7.8880%

            Non-competitive                                      7.6880%

Allocation at the cut-off                                        60.30%

Range of successful prices                                  97.500-96.285

Range of unsuccessful prices                                          -