Days

91

182

273

364

Maturity Date

2009 Sep 02

2009 Dec 02

2010 Mar 03

2010 Jun 02

Amount Offered

M9.0 Million

M9.0 Million

M6.0 Million

M6.0 Million

Total of bids received

M38.4m

M25.4m

M17.3m

M17.0m

Amount Issued

M9.0 Million

M9.0 Million

M6.0 Million

M6.0 Million

Allocation Price

98.315

96.410

93.980

92.120

Equivalent Discount Rate

6.7585%

7.1997%

8.0487%

7.9016%

Equivalent Annual Effective Yield

7.0538%

7.6076%

8.6555%

8.5785%

Allocation at cutoff

100.0%

100.0%

100.0%

100.0%

Range of successful prices

98.315 – 98.315

96.430 – 96.410

94.040 – 93.980

92.220– 92.120

Range of unsuccessful prices

98.315 – 98.105

96.410 – 96.360

93.980 – 92.520

92.120 – 92.080