Days

91

182

273

364

Maturity Date

2009 Jul 01

2009 Sep 30

2009 Dec 30

2010 Mar 31

Amount Offered

M8.0 Million

M8.0 Million

M5.0 Million

M5.0 Million

Total of bids received

M16.3m

M18.9m

M15.1m

M14.1m

Amount Issued

M8.0 Million

M8.0 Million

M5.0 Million

M5.0 Million

Allocation Price

97.945

96.335

93.860

91.860

Equivalent Discount Rate

8.2426%

7.3501%

8.2092%

8.1624%

Equivalent Annual Effective Yield

8.6851%

7.7757%

8.8412%

8.8867%

Allocation at cutoff

100.0%

100.0%

100.0%

100.0%

Range of successful prices

98.000 – 97.945

96.380 – 96.335

94.950 – 93.860

93.385 – 91.860

Range of unsuccessful prices

97.945 – 97.760

96.335 – 95.460

93.860 – 93.000

91.860 – 90.920