09:18     SG-HSBC@EC0510B<04706> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settlement) Call Warrants relating to existing       
    issued ordinary shares of US$0.50 each of HSBC Holdings plc issued        
    by SGA Societe Generale Acceptance N.V. (the "Issuer") will commence      
    at 9:30 a.m. on Tuesday, 22/03/2005 under the following particulars:-     
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4706            SG-HSBC@EC0510B         4,000 units                       
                                                                              
    Market participants are also requested to note that the stock short       
    name of currently listed 2005 European Style (Cash Settlement) Call       
    Warrants (stock code: 3777) issued by the Issuer will be changed to       
    "SG-HSBC@EC0510A" with effect from Tuesday, 22/03/2005.