BUREAU OF THE TREASURY
                                                            Auction Committee


                                                             SUMMARY OF AWARD

          Instrument      :      Treasury Bond    Instrument      :                       Instrument      :                       
          Series          :       PIBD0717C493    Series          :                       Series          :                       
          Auction Date    :         08/31/2010    Auction Date    :                       Auction Date    :                       
          Orig. Issue Date:         03/31/2010    Orig. Issue Date:                       Orig. Issue Date:                       
          Re-issue Date   :         09/02/2010    Re-issue Date   :                       Re-issue Date   :                       
          Coupon Rate/YTM :             7.000%    Coupon Rate/YTM :                       Coupon Rate/YTM :                       
          Offering        :         P8,500.00M    Offering        :                       Offering        :                       
          Maturity Period :             7 Year    Maturity Period :                       Maturity Period :                       
          Maturity Date   :         03/31/2017    Maturity Date   :                       Maturity Date   :                       


                       APPROXIMATE      ANNUAL                 APPROXIMATE      ANNUAL                 APPROXIMATE      ANNUAL
          LEVEL       EQUIV. PRICE       RATE     LEVEL       EQUIV. PRICE       RATE     LEVEL       EQUIV. PRICE       RATE
          -----       ------------      ------    -----       ------------      ------    -----       ------------      ------

          Average        106.929          5.720   Average                                 Average                                 
          Low            107.087          5.692   Low                                     Low                                     
          High           106.788          5.745   High                                    High                                    
          Comp. Stop-Out                 60.909   Comp. Stop-Out                          Comp. Stop-Out                          
          N-C Awarded                   100.000   N-C Awarded                             N-C Awarded                             


           TENDERED     ACCEPTED      REJECTED     TENDERED     ACCEPTED      REJECTED     TENDERED     ACCEPTED      REJECTED
              (M)          (M)           (M)          (M)          (M)           (M)          (M)          (M)           (M)
          ----------   ----------    ----------   ----------   ----------    ----------   ----------   ----------    ----------
Comp.      21,005.00     5,935.00     15,070.00                                                                                   
Non-Comp.   2,565.00     2,565.00          0.00                                                                                   
          ----------   ----------    ----------   ----------   ----------    ----------   ----------   ----------    ----------
Total      23,570.00     8,500.00      15,070.0                                                                                   
          ==========   ==========    ==========   ==========   ==========    ==========   ==========   ==========    ==========