Days

91

182

273

364

Maturity Date

03 Dec 2008

04 Mar 2009

03 Jun 2009

02 Sept 2009

Amount Offered

M11m

M16m

M26m

M37m

Total of bids received

M28.2m

M29.2m

25.57m

M15m

Amount issued

M11m

M16m

M25.57

M15

Allocation price at cutoff

97.400

94.780

91.585

88.630

Equivalent Discount Rate

10.4286

10.4687

11.2508

11.4012

Equivalent annual effective yield

11.1450

11.3511

12.4710

12.8660

Allocation at cutoff

100%

100%

98.34%

84.40&

Range of successful prices

97.445 – 97.400

96.760 – 94.780

92.520-91.585

88.830-88.630

Range of unsuccessful prices

97.400 – 97.360

94.780 – 91.995

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