08:54     KC-HSBC @EC0309<09632> - New Listing                                

    Market participants are requested to note that dealings in the            
    2003 European Style (Cash Settled) Call Warrants relating to              
    existing issued ordinary shares of US$0.50 each of HSBC Holdings          
    plc issued by KBC Financial Products International Ltd. will              
    commence at 9:30 a.m. today (28/11/2002) under the following              
    particulars:-                                                             
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    9632            KC-HSBC @EC0309         4,000 units