Days

91

182

273

364

Maturity Date

2009 Sep 16

2009 Dec 16

2010 Mar 17

2010 Jun 16

Amount Offered

M12.0 Million

M 12.0 Million

M 8.0 Million

M 8.0 Million

Total of bids received

M47.8 Million

M 31.4 Million

M 22.5 Million

M 22.2 Million

Amount Issued

M12.0 Million

M 12.0 Million

M 8.0 Million

M 8.0 Million

Allocation Price

98.315

96.425

94.015

92.155

Equivalent Discount Rate

6.7585%

7.1696%

8.0019%

7.8666%

Equivalent Annual Effective Yield

7.0538%

7.5741%

8.6014%

8.5372%

Allocation at cutoff

100.0%

100.0%

100.0%

100.0%

Range of successful prices

98.610 – 98.315

96.735 – 96.425

94.090 – 94.015

92.420– 92.155

Range of unsuccessful prices

98.315 – 98.095

96.425 – 96.385

93.015 – 93.940

92.155 – 92.100