Subsidiary's Dividends to Increase

HSBC Hldgs PLC
1 December 1999


The following text is the English translation of an announcement 
made today by HSBC Trinkhaus & Burkhardt in Germany:

    HSBC TRINKAUS & BURKHARDT KGaA INCREASES DIVIDENDS

HSBC Trinkaus & Burkhardt KgaA, which is 73.5 per cent indirectly owned 
by HSBC Holding plc, has announced, in line with its amended 
dividend policy, it will recommend at the Annual General Meeting 
on 6 June 2000 that the dividend for the year ended 31 December 1999 
be increased from DM 2 per share to at least DM 3 per share.