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FCC Proudreed Properties 2005 HSBC SG CORPORATE ...

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THE HEDGING PROVIDERS<br />

<strong>HSBC</strong> Bank plc<br />

<strong>HSBC</strong> Bank plc and its subsidiaries form a UK-based group providing a comprehensive range of banking<br />

and related financial services.<br />

<strong>HSBC</strong> Bank plc (formerly Midland Bank plc) was formed in England in 1836 and subsequently registered<br />

as a limited company in 1880. In 1923, the company adopted the name of Midland Bank Limited which<br />

it held until 1982 when the name was changed to Midland Bank plc.<br />

During the year ended 31 December 1992, Midland Bank plc became a wholly owned subsidiary<br />

undertaking of <strong>HSBC</strong> Holdings plc, whose Group Head Office is at 8 Canada Square, London E14 5HQ,<br />

United Kingdom. <strong>HSBC</strong> Bank plc adopted its current name, changing from Midland Bank plc, in the year<br />

ended 31 December 1999.<br />

The <strong>HSBC</strong> Group is one of the largest banking and financial services organisations in the world, with over<br />

9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle<br />

East and Africa. Its total assets at 31 December 2004 were US$1,266 billion. <strong>HSBC</strong> Bank plc is the <strong>HSBC</strong><br />

Group’s principal operating subsidiary undertaking in Europe.<br />

The short-term unsecured obligations of <strong>HSBC</strong> Bank plc are currently rated A-1+, P-1 and F1+ by S&P,<br />

Moody’s and Fitch, respectively and the long-term obligations of <strong>HSBC</strong> Bank plc are currently rated Aa2,<br />

AA– and AA by , Moody’s, S&P and Fitch, respectively.<br />

The information contained in this Offering Circular with respect to <strong>HSBC</strong> Bank plc relates to and has<br />

been obtained from it. The delivery of this Offering Circular shall not create any implication that there<br />

has been no change in the affairs of <strong>HSBC</strong> Bank plc since the date of this Offering Circular, or that the<br />

information contained or referred to in it is correct as of any time subsequent to its date.<br />

Société Générale<br />

Société Générale is a French limited liability company (Société Anonyme) having the status of a bank and<br />

is registered in France in the Commercial Register under number 552120222. It has its registered office<br />

at 29 Boulevard Haussman, 75009 Paris and its head office at Tour S.G., 17 Cours Valmy, 97972 Paris La<br />

Defense.<br />

Société Générale was incorporated by deed approved by the decree of 4th May 1864. It was then<br />

nationalised in 1945, but returned to the private sector in July 1987 as a ‘‘Société Anonyme’’ under the<br />

laws of the Republic of France. Its existence has been extended to 31 December 2047.<br />

The purpose of the Société Générale Group (the ‘‘<strong>SG</strong> Group’’) is to engage in banking, finance, insurance<br />

brokerage and credit operations in France and outside France with all persons, corporate entities, public<br />

and local authorities in accordance with the regulations applicable to ‘‘Etablissements de Crédit’’ (Credit<br />

Institutions).<br />

At 31 December 2004, the <strong>SG</strong> Group had total assets of u601.1 billion, total customer loans of u198.9<br />

billion, and total customer deposits of u174.5 billion. At December 31st, 2004, <strong>SG</strong> Group shareholders’<br />

equity was u18.6 billion. The <strong>SG</strong> Group employed, at December 31st, 2004, more than 93,000 employees<br />

and is present in 80 countries in Europe, the Asia-Pacific region, the Americas, the Middle East and<br />

Africa.<br />

The short-term unsecured obligations of Société Générale are rated A1+, P-1 and F1+ by S&P, Moody’s<br />

and Fitch, respectively and the long-term obligations are rated AA–, Aa2 and AA– by S&P, Moody’s and<br />

Fitch, respectively.<br />

The information contained in this Offering Circular with respect to Société Générale relates to and has<br />

been obtained from it. The delivery of this Offering Circular shall not create any implication that there<br />

has been no change in the affairs of Société Générale since the date of this Offering Circular, or that the<br />

information contained or referred to in it is correct as of any time subsequent to its date.<br />

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