09:03     KC-HSBC@EC0601C<03977> - New Listing                                

    Market participants are requested to note that dealings in the 2006       
    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. on       
    Monday, 14/03/2005 under the following particulars:-                      
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3977            KC-HSBC@EC0601C         4,000 units