08:46     CA-HSBC@EC0509B<03807> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing issued   
    ordinary shares of US$0.50 each in HSBC Holdings plc issued by Calyon     
    Financial Products (Guernsey) Limited (the "Issuer") will commence at 9:30
    a.m. today (19/01/2005) under the following particulars:-                 
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3807            CA-HSBC@EC0509B         4,000 units                       
                                                                              
                                                                              
    Market participants are also requested to note that the stock short name  
    of currently listed 2005 European Style (Cash Settled) Call Warrants      
    (stock code: 3541) issued by the Issuer has been changed to               
    "CA-HSBC@EC0509A" with effect from today (19/01/2005).