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HSBC European AB (HENS)

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Tuesday 07 February, 2006

HSBC European AB

Supplementary Prospectus

HSBC European Absolute Limited
07 February 2006


HSBC European Absolute Limited

HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU


7 February, 2006

Regulatory News Service
London Stock Exchange
London
EC4M 7LS


Dear Sir,

HSBC European Absolute Limited


Further to its announcement of 7 December 2005, and following further
consultation with existing shareholders and potential new investors, the Company
is proceeding with the proposed Placing and Offer for Subscription for further
Euro Shares and Sterling Hedged Shares, and accordingly has today issued a
supplementary prospectus in relation thereto.

The Euro Shares and Sterling Hedged Shares will be issued at a price
representing the Board of Directors' estimate of the Net Asset Value of each
existing Euro Share and Sterling Hedged Share as the case may be (excluding for
this purpose the costs and expenses of the Issue) as at 31 January 2006
(adjusted to allow for such costs and expenses of 1.75%).


Expected Timetable

Announcement of Issue Price                                                                    8 February 2006
Latest time and date for receipt of Application Forms                             5:00 p.m. on 8 February 2006
under the Offer for Subscription
Latest time and date for receipt of Placing commitments                          5:00 p.m. on 10 February 2006
Results of Placing and Offer for Subscription Announced                                       15 February 2006
Dealings in New Shares commence on the London Stock                                           20 February 2006
Exchange and the Channel Islands Stock Exchange
CREST stock accounts credited                                                                 20 February 2006
Certificates for shares despatched                                                                2 March 2006




Copies of the supplementary prospectus (and the original prospectus) may be
obtained free of charge from HSBC Republic Investments Limited, 78 St James's
Street, London SW1A 1JB and from Dresdner Kleinwort Wasserstein Securities
Limited, 20 Fenchurch Street, London EC3P 3DB. In addition, copies will shortly
be available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:


Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS


Enquiries:

Tina Hugo - HSBC Republic Investments Limited - 020 7860 6525
Tom Harris - Dresdner Kleinwort Wasserstein - 020 7475 6702
Mark Bloomfield - HSBC Bank plc - 020 7991 8888



END.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                  

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