Hongkong & Shanghai Banking Corporation


RE: Hong Kong and Shanghai Banking Corporation
    USD 400,000,000.00
    MATURING: 31-Dec-2099
    ISSUE DATE: 14-Aug-1985
    ISIN: GB0004355276

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
31-Aug-2007 TO 29-Feb-2008 HAS BEEN FIXED AT 5.750000 PCT

DAY BASIS 182/360

INTEREST PAYABLE VALUE 29-Feb-2008 WILL AMOUNT TO:
USD 145.35 PER USD 5,000.00 DENOMINATION
USD 2906.94 PER USD 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855
FAX: 44 20 7508 3866
Email: rate.fixing@citigroup.com
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