News Release

HSBC Finance Corporation Calls for the Redemption of Household Capital Trust VII 7.50% Trust Preferred Securities

11 September 2006

Prospect Heights, IL -  September 8, 2006 - HSBC Finance Corporation announced today that it will call all 8,000,000 shares of its Household Capital Trust VII 7.50% Junior Subordinated Deferrable Interest Notes due November 15, 2031 (NYSE: HIprV, CUSIP 44180Y 20 4).  The redemption price for each issue will be $25 plus accrued interest to the redemption date that in each case will be November 8, 2006.

The final payment on the Household Capital Trust VII 7.50% Notes will be made by J.P. Morgan Trust Company, National Association and only upon presentation and surrender of your Note(s) at the office of the J.P. Morgan Trust Company, National Association.  If delivered by mail, we recommend for your protection you use fully insured, registered mail addressed to:  J.P. Morgan Trust Company, National Association, Institutional Trust Services, P.O. Box 2320, Dallas, Texas  75221-2320.  If delivered by overnight courier: J.P. Morgan Trust Company National Association, Institutional Trust Services, 2001 Bryan Street, 9th Floor, Dallas, Texas  75201.  If you prefer to deliver your Note(s) by hand, please take them to: J.P. Morgan Trust Company National Association, GIS Unit Trust Window, 1st Floor, 4 New York Plaza, New York City, New York.  Payment information can be accessed on-line at http://www.jpmorgan.com/absmbs. 

 

Media Contacts

• Linda Recupero
• Linda.S.Recupero@us.hsbc.com
• HSBC - North America
• 212-525-3800