HSBC - correction to appendix

HSBC Holdings PLC
20 November 2002


              HSBC TO ACQUIRE HOUSEHOLD INTERNATIONAL - CORRECTION


The announcement released on 14 November 2002, under RNS Number 7857D, relating
to the acquisition of Household International, Inc by HSBC Holdings plc, set out
in Appendix 2 the HSBC Consolidated Profit & Loss Account for the two years
ended 31 December 2001 and the six months ended 30 June 2002. The US dollar
figures were extracted from HSBC's 2002 Interim Report and 2001 Annual Report
and Accounts. Equivalent figures in Hong Kong dollars were included for
information.

All the US dollar figures are correct. However, in respect of the year ended 31
December 2001, the Hong Kong dollar figure in the "tax on ordinary activities"
line should have read "(15,506)". This affects the Hong Kong dollar figures for
profit on ordinary activities after tax, profit attributable to shareholders and
retained profit in respect of that period.

A corrected version of the HSBC Consolidated Profit & Loss Account is attached
as an Appendix to this announcement. The remainder of the original announcement
is unchanged.

Appendix

HSBC Consolidated                        US$ millions                                     HK$ millions
Profit & Loss Account
                         Six months        Year ended     Year ended (^)      Six months      Year ended      Year ended
                        ended 30Jun02         31Dec01            31Dec00   ended 30Jun02         31Dec01         31Dec00

Interest receivable            14,229          35,261             37,746         110,972         275,036         294,117
Interest payable              (6,636)        (20,536)           (24,023)        (51,754)       (160,181)       (187,187)
Net interest income             7,593          14,725             13,723          59,218         114,855         106,930
Other operating                 5,510          11,163             10,850          42,972          87,071          84,543
income
Total operating                13,103          25,888             24,573         102,190         201,926         191,473
income
Operating expenses            (7,146)        (14,605)           (13,577)        (55,732)       (113,919)       (105,792)
Goodwill amortisation           (396)           (799)              (510)         (3,088)         (6,232)         (3,974)
Operating profit                5,561          10,484             10,486          43,370          81,775          81,707
before provisions
Provisions for bad              (715)         (2,037)              (932)         (5,576)        (15,889)         (7,262)
and doubtful debts
Provisions for                    (3)           (649)               (71)            (23)         (5,062)           (553)
contingent
liabilities and
commitments
Loss from foreign                (45)           (520)                  0           (351)         (4,056)               0
currency
redenomination in
Argentina
Amounts written off             (139)           (125)               (36)         (1,084)            975)            281)
fixed asset
investments
Operating profit                4,659           7,153              9,447          36,336          55,793          73,611

Share of operating               (23)            (91)               (51)           (179)           (709)            397)
loss in joint
ventures
Share of operating                 71             164                 75             554           1,279             584
profit in associates
Gains/(losses) on
disposal of:
- investments                     351             754                302           2,737           5,881           2,353
- tangible fixed                  (1)              20                  2             (8)             156              16
assets
Profit on ordinary              5,057           8,000              9,775          39,440          62,400          76,167
activities before tax
Tax on ordinary               (1,315)         (1,988)            (2,238)        (10,256)        (15,506)        (17,439)
activities
Profit on ordinary              3,742           6,012              7,537          29,184          46,894          58,728
activities after tax

Minority interests:
- equity                        (278)           (579)              (558)         (2,168)         (4,516)         (4,348)
- non-equity                    (184)           (441)              (351)         (1,435)         (3,440)         (2,735)
Profit attributable             3,280           4,992              6,628          25,581          38,938          51,645
to shareholders

Dividends                     (1,929)         (4,467)            (4,010)        (15,044)        (34,843)        (31,246)
Retained profit                 1,351             525              2,618          10,537           4,095          20,339


(^) - Figures for 2000 have not been restated to reflect the adoption of UK
Financial Reporting Standard 19 "Deferred Tax".


The Hong Kong dollar equivalent figures are for information only and are
translated using the following average rates:
- HK$/US$                                                                          7.799           7.800           7.792


The financial information in respect of HSBC contained in this announcement does
not constitute statutory accounts within the meaning of Section 240 of the
Companies Act 1985. Full audited accounts for HSBC Holdings plc for the years
ended 31 December 2001 and 31 December 2000 have been delivered to the Registrar
of Companies and the auditors of HSBC Holdings plc have given reports under
Section 235 of the Companies Act 1985 on such accounts, which were unqualified
reports within the meaning of Section 237(2) or (3).



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