News Release

HSBC "Star Performer" Earns $60,000 in Rewards

New Castle Recipient Recognized as One of Nine Top HSBC Credit Counsellors Worldwide

27 January 2006

New Castle, Del., January 27, 2006 – Today, HSBC North America Holdings Inc. (NYSE: HBC) presents Matilda Maldonado of New Castle with a 4-Star Performance Award of $50,000 cash plus $10,000 of HSBC stock during a celebration at the HSBC site in recognition of her patience, diligence and determination to help both her customers and her colleagues.

Each year, nine HSBC credit counsellors and bankruptcy specialists worldwide are selected to receive 4-Star Performance Awards for going above and beyond their regular duties to build lasting customer partnerships and contribute to the company’s overall success.

Fluent in both English and Spanish, Matilda contributes to two different units in her department and handles multiple high-level roles at HSBC. Her spirit in the workplace is conducive to the cohesion and performance of her team.

"Matilda sets a positive example for her peers. She is always willing to help new hires get acclimated and shares tips with her team members," said Alan Zugehar, a director of HSBC Retail Services in New Castle. "She combines her natural talent for interacting with people with a continuing desire to learn, improve and succeed."

 

The 4-Star Performance Program

The 4-Star Performance Program is part of HSBC’s Total Rewards package of benefits; training opportunities; compensation and incentives; employee services and discounts; and philanthropic programs. HSBC is recognized as an "employer of choice" by Working Mother, Computerworld, Training Magazine, Hispanic Business, and DiversityInc.com.

About HSBC - North America

HSBC - North America comprises all of HSBC's U.S. and Canadian businesses, including the former Household International businesses. The company’s businesses serve nearly 60 million customers in five key areas: personal financial services, consumer finance, commercial banking, private banking and corporate investment banking and markets. Financial products and services are offered under the HSBC, HFC and Beneficial brands. For more information, visit www.hsbcusa.com.

Media Contacts

• Anita Black
• anita.m.black@us.hsbc.com
• North America Public Affairs
• HSBC - North America
• (847) 564-6571