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8 June 2009

Octopus and 21 Bank Partners Offer Multiple Rewards for
Automatic Add Value Service Customers

(Hong Kong, 8 June 2009) Octopus Cards Limited (OCL) has teamed up with 21 banks and credit card issuing companies to bring an array of offers and extra Reward$ to Automatic Add Value Service (AAVS) customers. From 9 June to 31 July 2009, customers who successfully apply for the Automatic Add Value Service and auto reload at least once on or before 15 September 2009 will receive Reward$50 or Reward$30* respectively for auto reload options of HK$500 and HK$250. Customers can also enjoy the on-going cash rebates, bonus points and other privileges offered by the individual banks and credit card issuing companies.

"It has never been easier to maximise the benefits offered by both Octopus and the partnering banks," said Rita Li, Head of Marketing, Octopus Cards Limited. "AAVS gives customers an unparalleled level of convenience for hassle-free shopping and travel. Now customers can earn double or triple benefits too."

Launched in 1999, AAVS is currently provided by 21 banks and credit card issuing companies in Hong Kong. The AAVS feature is available for all Octopus products. Whenever the stored value in the AAVS-enabled Octopus reaches zero or a negative balance, the Octopus will be automatically reloaded with either HK$500 or HK$250, subject to the customer's choice. Each Octopus can be auto-reloaded once a day and the reloaded amount will be deducted from the designated credit card account.

By linking Octopus AAVS transactions to a credit card account, customers can enjoy an interest-free repayment period for the reloaded amount. In addition, credit card issuers give bonus points or cash rebates for AAVS transactions allowing customers to earn points or cash bonuses even faster than before.

To register, please call the AAVS Application Hotline on 2266 2338. For more information about AAVS or other enquiries, please contact the Octopus Customer Service Hotline on 2266 2222.

Note*: Reward$ can be used as cash or redeemed for special offers at over 800 locations throughout Hong Kong. The list of Octopus Rewards partners and other details can be found at www.octopusrewards.com.hk.

Below is a list of banks and credit card issuing companies in Hong Kong offering to link AAVS with your credit card account:

AAVS participating financial institutions Reload options
   
AEON HK$250
AIG Credit Card HK$250
BEA HK$250/HK$500
BOC Credit Card HK$250
Bank of Communications Hong Kong Branch HK$250
Chong Hing Bank HK$250
Citibank HK$250
CITIC Ka Wah Bank HK$250/HK$500
Dah Sing Bank HK$250/HK$500
DBS HK$250
Fubon Bank HK$250
Hang Seng Bank HK$250/HK$500
HSBC HK$250/HK$500
ICBC (Asia) HK$250/HK$500
MANHATTAN Card / MANHATTAN id Card HK$250/HK$500
MEVAS Bank HK$250/HK$500
Public Bank (Hong Kong) HK$250
Shanghai Commercial Bank HK$250/HK$500
Standard Chartered Bank HK$250/HK$500
Wing Hang Bank HK$250
Wing Lung Bank HK$250/HK$500

About Octopus Cards Limited

Launched in 1997, Hong Kong's Octopus is the world's leading and most extensive smartcard payment system, with over 50,000 readers being used by more than 2,000 service providers across different businesses including public transport, parking, retail, vending and kiosks, schools and leisure facilities, and access control for residential and commercial buildings. Merchants and Octopus holders embrace Octopus for both its simplicity and its convenience. Today, more than 19 million Octopus cards and products are in circulation, and the system handles over 10 million transactions a day, with transaction value exceeding HK$85 million. In recent years, Octopus has started to export its unique experience and technology overseas, offering consultancy services for parties from different parts of the world. Additional information can be found at www.octopus.com.hk.

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