Days

91

182

273

364

Maturity Date

2009 Jun 03

2009 Sep 02

2009 Dec 02

2010 Mar 03

Amount Offered

M9.1 Million

M7.8 Million

M5.2 Million

M3.9 Million

Total of bids received

M14.6m

M18.6m

M7.1m

M5.8m

Amount Issued

M9.1 Million

M7.8 Million

M5.2 Million

M3.9 Million

Allocation Price

97.600

95.265

93.045

90. 790

Equivalent Discount Rate

9.6264

9.4960

9.2988

9.2353

Equivalent Annual Effective Yield

10.2343

10.2171

10.1177

10.1735

Allocation at cutoff

100.0%

100.0%

100.0%

100.0%

Range of successful prices

97.705-97.600

95.985-95.265

93.380- 93.045

91.125-90.790

Range of unsuccessful prices

97.600– 97.585

95.265-95.090

93.045-93.030

90.790-90.770