09:18     KC-HSBC@EC0601B<03976> - 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. (the "Issuer") will commence at     
    9:30 Na.m. today (14/03/2005) under the following particulars:-           
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3976            KC-HSBC@EC0601B         4,000 units                       
                                                                              
    Market participants are also requested to note that the stock short name  
    of currently listed 2006 European Style (Cash Settled) Call Warrants      
    (stock code: 3661) issued by the Issuer has been changed to               
    "KC-HSBC@EC0601A" with effect from today (14/03/2005).