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HSBC Holdings PLC Declares A Third Interim Dividend
In the absence of instructions to the contrary, shareholders on the Principal Register will automatically receive dividends in sterling. However, if shareholders have an address in the United States they will automatically receive any dividend payable in United States dollars unless they currently receive payment in one of the other currencies or make an election to do so. In the absence of instructions to the contrary, shareholders on the Hong Kong Overseas Branch Register and the Bermuda Overseas Branch Register will automatically receive dividends in Hong Kong dollars and United States dollars respectively.
Dividends payable in cash in sterling or Hong Kong dollars will be converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at 11.00 am on 26 April 2004 (US$1 = HK$7.79695 and £1 = US$1.7802).
Accordingly, the amount payable on 5 May will be:
US$0.24 per share;
approximately HK$1.871268 per share; or
approximately £0.134816 per share.
The dividend payable to holders of American Depositary Shares ('ADSs'), each of which represents five ordinary shares, will be US$1.20 per ADS. The dividend will be paid on 5 May 2004 in cash in United States dollars or in new shares to those who have elected to receive the scrip dividend alternative. The cash dividend for participants in the dividend reinvestment plan, operated by the depositary, will be invested in additional ADSs.
Signed by:
R H Musgrove
Assistant Secretary
HSBC Holdings plc