Subsid's Dividend

HSBC Hldgs PLC
11 February 2000


The following text is translated from a news release issued
today by HSBC's majority-owned subsidiary in Germany

                HSBC TRINKAUS & BURKHARDT KGaA
                      INCREASES DIVIDEND

HSBC Trinkaus & Burkhardt KGaA, which is 73.5 per cent
indirectly owned by HSBC Holdings plc, will recommend at its
Annual General Meeting on 6 June 2000 that the dividend for
the year ended 31 December 1999 be increased from DM 2 (EUR
1.02) per share to EUR 1.50 per share. In addition, a
special dividend of EUR 0.50 per share will be proposed.

The proposed increase in the dividend to EUR 1.50 reflects
the bank's revised dividend policy as well as a satisfactory
performance for the year. The additional payment of
EUR 0.50 is proposed in order that shareholders participate
in the exceptional profit resulting from the release of risk
provisions following amendments to tax legislation.