09:06     DB-HSBC @EC0511<04825> - 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 of HSBC Holdings plc issued by            
    Deutsche Bank AG will commence at 9:30 a.m. today (21/04/2005) under      
    the following particulars:-                                               
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4825            DB-HSBC @EC0511         4,000 units