08:58     DB-HSBC @EC0605<04963> - 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 Deutsche   
    Bank AG will commence at 9:30 a.m. on Wednesday, 25/05/2005 under the     
    following particulars:-                                                   
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4963            DB-HSBC @EC0605         4,000 units