09:06     KC-HSBC @EC0511<04831> - 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 KBC Financial Products International Ltd. will commence at             
    9:30 a.m. on Monday, 25/04/2005 under the following particulars:-         
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4831            KC-HSBC @EC0511         4,000 units