RESERVE BANK OF MALAWI BILLS AUCTION RESULTS
RBM Bill Auction Held on Tuesday, 13 February 2007 - Reserve Bank of Malawi
Tenor	AMOUNTS          (K'Million)				BID PRICE (Per K100)		Weighted Discount Rate	Average   Yield
Days	Announced (cost)	Applied  (face)	Allotted (face)	Allotted (cost)	Highest  Price	Lowest  Price	%	Current	Previous
63	NA	11.00	11.00	10.7	97.4353	97.4015	14.98	15.46	15.40
91	NA	10.00	08.00	7.7	96.2555	96.2555	15.02	15.60	15.60
Total	NA	21.00	19.00	18.4

TREASURY BILLS AUCTION RESULTS
Treasury Bill Auction Held on Friday, 9 February 2007 - Reserve Bank of Malawi
Tenor	AMOUNTS          (K'Million)				BID PRICE (Per K100)		Weighted Discount Rate	Average  Yield
Days	Announced (cost)	Applied  (face)	Allotted (face)	Allotted (cost)	Highest  Price	Lowest  Price	%	Current	Previous
91	1,000.00	561.18	556.48	534.38	97.0000	95.9700	15.93	16.59	16.84
182	500.00	695.72	694.72	641.91	93.6192	92.2762	15.24	16.50	16.79
273	500.00	2,690.32	2,660.06	2,368.94	89.6110	88.7958	14.63	16.43	16.87
Total	2,000.00	3,947.22	3,911.26	3,545.23

1 Continental Discount House Limited.

All Rights Reserved.