DGAP-Adhoc: HSBC Trinkaus & Burkhardt AG: HSBC TRINKAUS & BURKHARDT TO SELL ITS PRIVATE BANKING ACTIVITIES IN LUXEMBOURG TO VP BANK

HSBC Trinkaus & Burkhardt AG / Key word(s): Disposal

15.07.2013 00:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The following text is the English version of a news release issued in
Germany by HSBC Trinkaus & Burkhardt AG, an 80.6% indirectly owned
subsidiary of HSBC Holdings plc.

HSBC TRINKAUS & BURKHARDT TO SELL ITS PRIVATE BANKING ACTIVITIES IN
LUXEMBOURG TO VP BANK

HSBC Trinkaus & Burkhardt (International) SA and HSBC Trinkaus Investment
Managers SA, wholly owned Luxembourg subsidiaries of HSBC Trinkaus &
Burkhardt AG, have entered into an agreement to sell their private banking
activities and private banking-related fund business respectively (together
'the Businesses'), to VP Bank (Luxembourg) SA and VPB Finance SA, (together
'VP Bank'), which are members of the VP Bank Group. The parent company of
the VP Bank Group is Verwaltungs- und Privat-Bank Aktiengesellschaft which
is based in Liechtenstein.

At 30 June 2013 the private banking activities to be sold had assets under
management of approximately EUR1.5bn (US$2.0bn) and the private
banking-related fund business had assets under administration of
approximately EUR0.7bn (US$0.9bn). Approximately 20 employees working for
the private banking business of HSBC Trinkaus & Burkhardt (International)
SA are expected to transfer to VP Bank as part of the sale.

The transaction is expected to complete in the fourth quarter of 2013.

Media enquiries to Steffen Pörner on +49 211 910-1664 or at
steffen.poerner@hsbctrinkaus.de

Note to editors:

1. HSBC Trinkaus & Burkhardt AG
HSBC Trinkaus is a commercial bank which draws on its tradition of over 228
years as a trusted advisor to its clients. As one of the country's leading
banks, it is also part of the HSBC Group, one of the world's largest
banking and financial services organisations. The strength of the bank is
its international connectivity. This is characterised by its detailed
knowledge of the international markets, mainly the emerging markets, and
its global network. Germany is one of the HSBC Group's priority growth
markets.

With more than 2,500 employees, HSBC Trinkaus can be found in seven
locations in Germany, in addition to the head office in Düsseldorf, and has
access to the global network of HSBC. With total assets of EUR21.2bn and
EUR150.1bn in funds under management and administration, HSBC Trinkaus is
the HSBC Group's principal subsidiary in Germany and is rated 'AA-
(Stable)' by Fitch Ratings. The bank's central target groups are corporate,
institutional, and wealthy private clients. (Figures as at 31 March 2013).

HSBC Trinkaus' press releases can be found on the www.hsbctrinkaus.de
homepage under 'Press'.

2. The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered
in London. The Group serves customers worldwide from around 6,600 offices
in over 80 countries and territories in Europe, the Asia-Pacific region,
North and Latin America, and the Middle East and North Africa. With assets
of US$2,681bn at 31 March 2013, the HSBC Group is one of the world's
largest banking and financial services organisations.

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Language: English
Company: HSBC Trinkaus & Burkhardt AG
Königsallee 21-23
40212 Düsseldorf
Germany
Phone: 0211-910 - 1664
Fax: 0211-910 - 3143
E-mail: steffen.poerner@hsbctrinkaus.de
Internet: www.hsbctrinkaus.de
ISIN: DE0008115106, DE000TB2ZZZ2, DE000TB5JW01, DE000TB5M0H8,
DE000TB5MBU5, DE000TB9C3Z2, DE000TB5VDN7, DE000TB5Y2U3,
DE000TB59ZZ3, DE000TB4B8P8, DE000TB4B8Q6, DE000TB4EHJ5
WKN: 811510
Listed: Regulierter Markt in Düsseldorf, Frankfurt (General
Standard), Stuttgart; Freiverkehr in Hamburg, München

End of Announcement DGAP News-Service

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