08:59     HBAP N0804<02515> - New Listing                                     

    Market participants are requested to note that dealings in the            
    Dragon Notes due 2008 issued by The Hongkong And Shanghai Banking         
    Corporation Limited will commence at 9:30 a.m. today (25/04/2005)         
    under the following particulars:-                                         
                                                                              
    Stock Code  Stock Short Name     Denomination     Trading Currency        
    ----------  ----------------     ------------     ----------------        
    2515        HBAP N0804           USD 10,000       USD                     
                                     or 100 units