Hong Kong Monetary Authority

Exchange Fund Investment Limited announced today (13 November 2000) that the first tranche of Loyalty Bonus Units in the Tracker Fund of Hong Kong ("TraHK") have been allocated to 131,110 Unitholders in accordance with the terms and conditions of the Loyalty Bonus Scheme set out in the Prospectus for TraHK dated 25 October 1999.

Only individual Unitholders who have fulfilled the eligibility criteria, including being valid Hong Kong Identity Card holders, having and maintaining Hong Kong addresses, being 18 years of age or over at the time of their application in the Retail Offer as part of the Initial Public Offer of TraHK, and holding the TraHK units allocated to them in the Retail Offer continuously in the same name(s) from the Issue Date to the commencement of business on the First Bonus Allocation Date, (i.e. 13 November 2000), are eligible for the Loyalty Bonus Units. No Loyalty Bonus Units have been issued to those Unitholders who have disposed of their units or changed the name(s) in which the units are registered in the Register of Unitholders. Those Unitholders who failed to respond to, or pass, the verification procedure have also not been allocated Loyalty Bonus Units.

Certificates for Loyalty Bonus Units will be mailed by ordinary post to eligible Unitholders by Central Registration Hong Kong Limited ("Central Registration") on or before 18 November 2000. Unitholders who sell their Loyalty Bonus Units prior to the receipt of the Certificates should be aware that they do so entirely at their own risk and that they may not receive their Certificates in time for the settlement of their sales.

The sale or transfer of TraHK units on or after 13 November by Unitholders who were eligible for, and have been allocated, their first tranche of Loyalty Bonus Units will not affect their entitlement to the first tranche of Loyalty Bonus Units. However, Unitholders are reminded that the second tranche of Loyalty Bonus Units will be allocated on 12 November 2001 to Unitholders who continue to satisfy the eligibility criteria (including the continuous holding of original and first tranche Loyalty Bonus Units) up to that date in accordance with the terms set out in the Prospectus for TraHK dated 25 October 1999.

For enquiries, please contact Central Registration by telephone 28628666 or in person at Rooms 1901-5, 19th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. Eligible Unitholders who have not received their Certificates by 25 November 2000 are advised to contact Central Registration.

For further enquiries, please contact:

Kent Chen, Chief Corporate Development Manager at 2912 0165

Exchange Fund Investment Limited
13 November 2000

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