EFN 2.23 2802<04108> - New Listing

Market participants are requested to note that dealings in the 2.23%
exchange fund notes due February 2028 issued by The Hong Kong Monetary
Authority (on behalf of the Government of the Hong Kong Special
Administrative Region for the account of the Exchange Fund) will
commence on Tuesday, 24/02/2026 under the following particulars:-

Stock Code  Stock Short Name     Denomination     Trading Currency
----------  ----------------     ------------     ----------------
4108        EFN 2.23 2802        HKD50,000        HKD
                                 or 500 units