LONDON--()--
| Re: | THE HONGKONG AND SHANGHAI BANKING CORPN |
| USD 400,000,000.00 | |
| MATURING: 31-Dec-2099 | |
| ISIN: GB0004355490 | |
| PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD | |
| 27-Jan-2012 TO 27-Apr-2012 HAS BEEN FIXED AT 0.75 PCT | |
| DAY BASIS: ACTUAL/360 | |
| INTEREST PAYABLE VALUE 27-Apr-2012 WILL AMOUNT TO: | |
| USD 9.48 PER USD 5,000.00 DENOMINATION | |

