09:08     CA-HSBC@EC0512B<04869> - 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 in HSBC Holdings plc issued by Calyon     
    Financial Products (Guernsey) Limited (the "Issuer") will commence at     
    9:30 a.m. on Friday, 29/04/2005 under the following particulars:-         
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4869            CA-HSBC@EC0512B         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: 4766) issued by the Issuer will be changed to "CA-HSBC@EC    
    0512A" with effect from Friday, 29/04/2005.