Hang Seng Bank Dividend

HSBC Holdings PLC
10 November 2003

                              HANG SENG ANNOUNCES

                        SECOND INTERIM DIVIDEND FOR 2003

The Board of Directors of Hang Seng Bank today declared a second interim
dividend of HK$1.00 per share in respect of the year ending 31 December 2003.

The second interim dividend will be payable on Monday, 5 January 2004, to
shareholders on the Register of Shareholders as at Thursday, 18 December 2003.

The results for the year to 31 December 2003 will be announced on Monday, 1
March 2004. It is intended that any third interim dividend for 2003 that is
announced on that date would be payable on Thursday, 25 March 2004 to
shareholders on the Register on Wednesday, 17 March 2004.

The move towards quarterly dividends, starting in January 2004, was first
announced at the Bank's 2003 interim results announcement on 4 August 2003.

The Register of Shareholders of the Bank will be closed on Thursday, 18 December
2003, during which no transfer of shares can be registered. To qualify for the
second interim dividend for 2003, all transfers, accompanied by the relevant
share certificates, must be lodged for registration not later than 4:00 pm on
Wednesday, 17 December 2003, with the Bank's Registrars, Computershare Hong Kong
Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183
Queen's Road East, Wanchai, Hong Kong.

Notes to editors

1. Hang Seng Bank

Founded in 1933, Hang Seng Bank is a principal member of the HSBC Group and the
second largest listed bank in Hong Kong in terms of market capitalisation. It
operates 156 branches and automated banking centres in Hong Kong; and a network
of five branches (in Shanghai, Guangzhou, Shenzhen, Fuzhou and Nanjing), a
sub-branch (in Shanghai) and two representative offices (in Beijing and Xiamen)
in mainland China. The Bank also has a representative office in Taipei. With
consolidated assets of HK$482.3 billion at the end of June 2003, the Bank
reported a profit attributable to shareholders of HK$5.02 billion for the first
half of 2003, and HK$9.92 billion in 2002. For further information on Hang Seng,
please visit the Bank's website at www.hangseng.com.

2. HSBC Holdings plc

With over 9,500 offices in 79 countries and territories, and assets of US$983
billion at 30 June 2003, the HSBC Group is one of the world's largest banking
and financial services organisations.


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