09:03     KC-HSBC@EC0604B<04885> - New Listing                                

    Market participants are requested to note that dealings in the 2006       
    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. (the "Issuer") will commence at     
    9:30 a.m. on Wednesday, 04/05/2005 under the following particulars:-      
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4885            KC-HSBC@EC0604B         4,000 units                       
                                                                              
                                                                              
    Market participants are also requested to note that the stock short       
    name of currently listed 2006 European Style (Cash Settled) Call Warrants 
     (stock code: 4789) issued by the Issuer will be changed to               
    "KC-HSBC@EC0604A" with effect from Wednesday, 04/05/2005.