The auction results of the Bank of Botswana Certificates (BoBC) maturing on January 12, 2011 are summarised below.

DATE :December 28, 2010

Issue BoBC 120111
Total Subscribed (P million) 1 416.546
Total Allotment (P million) 1 416.546
Stop-Out Price (P) 99.756
Stop-Out Yield (percent) 6.58
Simple Rate (percent) 6.38
Weighted average yield of winning bids (percent) 6.56
Simple rate for weighted average winning bids (percent) 6.35

Weighted average price of winning bids (P)

99.757
Minimum winning bid yield (percent) 6.52
Maximum bid yield (percent) 6.58
Days to Maturity 14

Note: BOBC 120111 – BIDS  AT AND ABOVE P99.756 RECEIVED FULL ALLOTMENT