The auction results of the Bank of Botswana Certificate (BoBC) maturing on July 11, 2012 are summarised below.

DATE: June 26, 2012

Issue BoBC110712
Total Subscribed (P million) 2 949.935
Total Allotment (P million) 2100.000
Stop-Out Price (P) 99.828
Stop-Out Yield (percent) 4.59
Simple Rate (percent) 4.49
Weighted average yield of winning bids (percent) 4.56
Simple rate for weighted average winning bids (percent) 4.47
Weighted average price of winning bids (P) 99.829
Minimum winning bid yield (percent) 4.48
Maximum bid yield (percent) 4.62
Days to Maturity 14

Note: BoBC 110712 – BIDS  ABOVE P99.828 RECEIVED FULL ALLOTMENT WHILE BIDS AT 
P99.828 RECEIVED 80.66 PERCENT OF AMOUNT APPLIED FOR.