CALL FOR TENDERS FOR TREASURY BILLS

The Treasury Bills of Nu. 2 billion in the name of the Royal Government of Bhutan are offered for sale. The Bills are of 91 days to maturity. The Bills shall be listed and issued through the Royal Securities Exchange of Bhutan.

Treasury Bills Serial No. : TB00001

Submission of Tenders : Tenders must be submitted through one of the authorized brokers or directly lodged at the Royal Monetary Authority of Bhutan not later than 10:30 AM on 9 December 2009 and tenders shall be irrevocable after submission.

Auction/Sale date : 14 December 2009

Settlement Date : 15 December 2009

Days to Maturity : 91days

Amount : Nu. 2 billion

Terms and Conditions : For Terms and Conditions governing the securities will be based on the GENERAL NOTIFICATION issued by the Ministry of Finance.