The auction results of the Bank of Botswana Certificates (BoBC) maturing on November 2, 2011 are summarised below.

DATE: October 18, 2011

Issue BoBC 021111
Total Subscribed (P million) 1 943.257
Total Allotment (P million) 1 943.257
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 021111 – BIDS AT AND ABOVE P99.756 RECEIVED FULL ALLOTMENT.