HSBC Holdings Plc

HSBC Holdings Plc

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. HSBC Holdings plc Overseas Regulatory Announcement The attached announcement has been released to the other stock exchanges on which HSBC Holdings plc is listed. The Board of Directors of HSBC Holdings plc as at the date of this announcement are: Douglas Flint, Stuart Gulliver, Kathleen Casey†, Safra Catz†, Laura Cha†, Marvin Cheung†, Sir Jonathan Evans†, Joachim Faber†, Rona Fairhead†, Renato Fassbind†, Sam Laidlaw†, John Lipsky†, Rachel Lomax†, Iain Mackay, Marc Moses, Sir Simon Robertson† and Jonathan Symonds†. † Independent non-executive Director Hong Kong Stock Code: 5 8 July 2014 HSBC CAYMAN Following a strategic review, HSBC Bank (Cayman) Limited (‘HSBC Cayman’), an indirect wholly owned subsidiary of HSBC Holdings plc, has entered into an agreement to sell parts of its corporate and retail banking business in the Cayman Islands (the ‘Business’) to Butterfield Bank (Cayman) Limited. Gross assets of the Business as at 31 March 2014 were approximately US$0.8bn. Total assets of HSBC Cayman at the same date were approximately US$1.4bn. The transaction is expected to complete in the fourth quarter of 2014 and represents further progress in the execution of HSBC Group strategy. HSBC Cayman will commence wind down preparations, including ceasing to undertake new business with immediate effect, and will look to minimise the impact on the remaining customers during this period. ends/more Media enquiries to: Heidi Ashley + 44 20 7992 2045 [email protected] Investor Relations enquiries to: Guy Lewis + 44 20 7992 1938 [email protected] Hugh Pye + 852 2822 4908 [email protected] Note to editors: HSBC Holdings plc HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,300 offices in over 75 countries and territories in Europe, Asia, North and Latin America, the Middle East and North Africa. With assets of US$2,758bn at 31 March 2014, HSBC is one of the world’s largest banking and financial services organisations. ends/all Registered Office and Group Head Office: 8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com Incorporated in England with limited liability. Registered number 617987 We only advise on our own life assurance, pensions and unit trusts .

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