The auction results of the Bank of Botswana Certificates (BoBC) maturing on August 31, 2011 are summarised below.

DATE: August 16, 2011

Issue BoBC 310811
Total Subscribed (P million) 2 384.174
Total Allotment (P million) 2 384.174
Stop-Out Price (P) 99.756
Stop-Out Yield (percent) 6.58
Simple Rate (percent) 6.38
Weighted average yield of winning bids (percent) 6.57
Simple rate for weighted average winning bids (percent) 6.38
Weighted average price of winning bids (P) 99.756
Minimum winning bid yield (percent) 6.52
Maximum bid yield (percent) 6.58
Days to Maturity 14

Note: BoBC 310811 – BIDS AT AND ABOVE P99.756 RECEIVED FULL ALLOTMENt.