12 February 2003
The following text is the English translation of a news release issued in Germany by HSBC Holdings plc’s subsidiary.
The Supervisory Board and Managing Partners of HSBC Trinkaus & Burkhardt KGaA, which is approximately 73.5 per cent indirectly owned by HSBC Holdings plc, decided today on the basis of the provisional results of the 2002 financial year to recommend to the Annual General Meeting on 3 June 2003 that the dividend for the year ended 31 December 2002 be Euro 1.00 per share (2001: Euro 1.75 per share).
Despite a difficult year for banking in Germany, which reduced HSBC Trinkaus & Burkhardt’s profitability, this dividend can be paid entirely out of operating profits. In the absence of exceptional income in 2002, it is not intended to pay a bonus dividend (2001: Euro 1.00 per share). The total dividend for 2001 was Euro 2.75 per share.
