Days

91

182

273

364

Maturity Date

2009 Jul 29

2009 Oct 28

2010 Jan 27

2010 Apr 28

Amount Offered

M12.0 Million

M12.0 Million

M8.0 Million

M8.0 Million

Total of bids received

M15.4m

M15.9m

8.6m

M8.1m

Amount Issued

M12.0 Million

M12.0 Million

M8.0 Million

M8.0 Million

Allocation Price

97.690

96.310

93.910

92.030

Equivalent Discount Rate

9.2654%

7.4003%

8.1423%

7.9919%

Equivalent Annual Effective Yield

9.8275%

7.8318%

8.7637%

8.6850%

Allocation at cutoff

100.0%

100.0%

100.0%

100.0%

Range of successful prices

98.020 – 97.690

96.560 – 96.310

94.015 – 93.910

92.330 – 92.030

Range of unsuccessful prices

97.690– 97.690

96.310 – 96.310

93.910 – 93.910

92.030 – 92.030