News Release

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

Local Employee Recognized as One of Nine Top HSBC Credit Counsellors Worldwide

31 January 2006

Pomona, Calif., January 31, 2006 – HSBC North America Holdings Inc. (NYSE: HBC) presented a 4-Star Performance Award of $50,000 cash, plus $10,000 in HSBC stock, to Margie Bustamante during a celebration at the HSBC site last Thursday.

Each year, HSBC selects nine credit counsellors and bankruptcy specialists worldwide 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.

Margie’s award recognizes how she leads by example and mentors her co-workers. She consistently surpasses expectations, raising the performance level of every team she joins.

"Margie’s contribution to HSBC is not limited to simply producing exceptional quality and productivity," said Amy Salas, Unit Manager, HSBC Consumer Lending in Pomona. "She is a powerful coach with a hands-on approach to training. She’s also quick to learn the process, procedures and expectations of each assignment."

Margie is also an active member of her community. In 2005, Margie played an important role in many HSBC campaigns including United Way, Junior Achievement, the City of Hope Blood Drive and Helping Hand’s Backpack Program for Children in Need.

 

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

• Yvonne O’Hara
• yvonne.s.ohara@us.hsbc.com
• HSBC - North America
• (909) 397-3454