Press Release

HSBC Finance Corporation Declares Dividends for Holders of Series B Preferred Stock

15 August 2007

Prospect Heights, IL – HSBC Finance Corporation announced today that its board of directors declared the regular quarterly cash dividend on the company’s Series B preferred stock of $0.3975 per depositary share payable September 15, 2007, to shareholders of record on August 31, 2007.

About HSBC Finance Corporation

HSBC Finance Corporation is a subsidiary of HSBC North America Holdings Inc., one of the top ten financial organizations in the United States with assets totalling more than $300 billion.  HSBC Finance Corporation’s subsidiaries provide real estate secured loans, auto loans, MasterCard® and Visa® credit cards, private label credit cards, personal non-credit card loans, taxpayer financial services and specialty insurance products.

Media Contacts

• Diane Soucy Bergan
• Diane.Soucy.Bergan@us.hsbc.com
• HSBC – North America
• 847-564-6761