The auction results of the Bank of Botswana Certificate (BoBC) maturing on August 15, 2012 are summarised below.

DATE:July 31, 2012

Issue BoBC150812
Total Subscribed (P million) 1 896.627
Total Allotment (P million) 1 700.000
Stop-Out Price (P) 99.822
Stop-Out Yield (percent) 4.75
Simple Rate (percent) 4.65
Weighted average yield of winning bids (percent) 4.74
Simple rate for weighted average winning bids (percent) 4.62
Weighted average price of winning bids (P) 99.823
Minimum winning bid yield (percent) 4.67
Maximum bid yield (percent) 4.81
Days to Maturity 14

Note: BoBC 150812 – BIDS ABOVE P99.822 RECEIVED FULL ALLOTMENT WHILE AT P99.822 RECEIVED 95.57 PERCENT OF THE AMOUNT APPLIED FOR.