News Release

HSBC Bank USA Exhibits Formula One Jaguar Racing Car in Front of Bank Branch and Hosts Racing Legend Jackie Stewart

14 September 2000

NEW YORK –  HSBC Bank USA will exhibit the Formula One Team Jaguar racing car in front of the HSBC Tower at 2 West Fortieth Street between Fifth and Sixth Avenue on Tuesday, September 19, 2000. That evening, the bank will host a private reception for car racing legend Jackie Stewart, board member of Jaguar Racing, along with Jaguar Racing Team Drivers Eddie Irvine and Johnny Herbert.

"We are very excited to be able to provide New Yorkers with an opportunity to view one of the fastest and most technically advanced cars in the world on the sidewalk of Manhattan," said Youssef A Nasr, president and CEO, HSBC Bank USA. "Formula One car racing is a sport that requires an extraordinary amount of teamwork and dedication -- the same qualities that enable us to provide superior service to our customers every day."

"This is a wonderful opportunity for us to introduce New Yorkers to the world of Formula One before we compete at the U.S. Grand Prix/Formula One event in Indianapolis this weekend," said Jackie Stewart, the three-time Formula One World Champion.

HSBC is currently in its fourth year of a five-year sponsorship of the Formula One motor racing team. The team was renamed and launched as Jaguar Racing in January of this year following Ford Motor Company's purchase of the team Stewart Grand Prix in June 1999, which HSBC supported since September 1996.