Dubai structure on Shaikh Zayed Road Building in Dubai, Shaikh Zayed Road Emirates Tower, Dubai

MENA Wholesale PresentationAugust 2009

For investment professionals only

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Contents

HSBC Group

HSBC Global Asset Management

Alternative Investment Capabilities

Why HSBC Global Asset Management?

Appendix –

Internal slides

١٢٣٤

HSBC Group

١

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HSBC group

The Hong Kong Shanghai Banking Corporation

1865

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HSBC group

(1) As at 31 December 2008

Offices in 86 Countries and Territories Worldwide

335,000 employees

$2,527bn Assets(1)

100m customers

2009

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HSBC group

(1) As at 31 December 2008

335,000 employees

$2,527bn Assets(1)

100m customers

Offices in 86 Countries and Territories WorldwideListed on London, Hong Kong, New York, Paris & Bermuda Stock Exchanges

2009

Aa2 AA-

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St John’sFredericton

New Delhi

Chennai

Perth Adelaide

Melbourne

Sydney

Brisbane

WellingtonChristchurch

Port Louis (Mauritius)

Cape Town

Johannesburg

AlgiersTripoli Alexandria

Cairo

Jeddah

Riyadh

Dubai

Muscat

Muttrah

Abu DhabiDoha

Dammam

Kuwait City

Baghdad Tehran

Salalah

Beirut

Tel AvivAmmanRamallah

NicosiaAdana

Ankara

Yerevan

Izmir

IstanbulAthens

VallettaRome

Milan

Barcelona

ValenciaMadrid

GenevaParis

MonacoLugano

ZurichChannel Islands

Birmingham

CardiffBelfast Dublin

LeedsManchester

Isle of Man Edinburgh

LuxembourgBrussels

AmsterdamDusseldorfFrankfurtPrague

Bratislava

Budapest

Warsaw

StockholmMoscow

Hanoi

TokyoOsaka

Pusan

DaeguDaejeon

Seoul

Inchon

Dalian

BeijingTianjin

QuingdaoSuzhou

ShanghaiWuhan

XiamenTaipei

Macau Hong KongShenzhenGuangzhou

Manila

Cebu CityKota Kinabalu

LabuanBandar Seri Begawan

Kuching

SurabayaSemarang

Jakarta

Bandung

SingaporeKuala Lumpur

MedanPenang

Ho Chi

Minh CityBangkok

Chittagong

DhakaChongqing

Chengdu

Almaty

Colombo

Malé

(Maldives)

TrivandrumMysore

BangalorePune

Mumbai

AhmedabadKarachi

Chandigarh

Auckland

Kolkota

Visakhapatnam

Hyderabad

Manama

London

BostonGlastonbury

New York CityBridgewater

PhiladelphiaNew Castle

WashingtonChesapeake

Virginia BeachAtlanta

BermudaJacksonville

Miami

Brandon

Nassau

Houston

LewisvilleDallas

Tortola (British Virgin Islands)Cayman Islands

Las VegasKansas City Buffalo

Toronto

QuébecMontrealOttawaChicago

Prospect HeightsSioux Falls

WinnipegSaskatoon

CalgaryVancouver

Seattle

PortlandTigard

San FranciscoSalinas

Beverly HillsLos Angeles

San DiegoTijuana

MonterreyTorréon

GuadalajaraMexico City

PueblaAcapulco

Veracruz

Mérida Cancún

San SalvadorManagua

San José ColónPanama City

TegucigalpaCaracas

Bogotá

Manaus BelemFortaleza

RecifeSalvador

BrasiliaCampo Grande

Belo HorizonteRio de Janeiro

São PaoloCuritiba

Riberão

PretoPosadas

Corrientes Porto Alegre

Paraná Buenos AiresLa Plata

Punta del EsteMontevideo

Resistencia

SaltaTucumán

San JuanMendoza

Córdoba

Santiago

Neuquén

Bahía Blanca

Pergamino

Santa

Fé

Mar La Plata

Cook Islands

International network

For illustrative purposes only. As at 8 August 2008.

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Active, FundamentalInvesting with conviction to produce outstanding and consistent performance over the long term

Active, QuantitativeDelivering robust performance in a risk-adjusted environment

Multi-ManagementSelecting the world’s leading managers, irrespective of asset class, geographical focus and management style

Cash ManagementOffering a wide range of

funds matching investment horizon, regulation and currency constraints

StructureHSBCGroup

Personal

Financial Services

PrivateBanking

Global Banking

and Markets

CommercialBanking

٢

Overview of HSBC Global Asset Management

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HSBC Global Asset Management Assets Under Management –

US$390 billion

By Investment Specialist By Capability* By Client

Assets as at 31 June 2009

Private Clients4%

Institutional64%

Wholesale32%

Halbis33%

Multimanager4%

SINOPIA7%

HSBC Global Asset Management

56%

Alternative2%

Other inc. Property

9%

Multimanager4%

Balanced8%Equity

12%

Fixed Income16%

Cash/Money Market

28%

Structured & Guaranteed

21%

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A truly global presence

HSBC Global Asset Management

Halbis

SINOPIA

Multimanager

Global Liquidity1

(1) Liquidity manufacturing capabilities are also present in HSBC Global Asset Management offices in many locations over and above the ones shown here(2) Local presence in Poland from March 2007; HSBC Global Asset Management has a co-operation agreement with HSBC in Prague in the Czech Republic for the development of the asset management business(3) Joint venture between HSBC Global Asset Management and Shanxi Trust and Investment Corporation Limited

Canada

USABermudaMexico

El SalvadorCosta Rica

PanamaColumbia Brazil

Argentina

SpainFrance

LuxembourgJersey

UKGermany

Poland2

Czech Republic2

Switzerland

TurkeyMalta

Saudi Arabia UAEIndia

Singapore

Hong Kong

Taiwan

China2

Japan

Sweden

Italy

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What does HSBC Global Asset Management offer?

(1) HSBC Global Asset Management as at 31 June 2009. Including Halbis, Liquidity, Multimanager and SINOPIA(2) HSBC Global Asset Management (UK) as at 31 January 2009.

Multi-specialist

SoundInvestment

SolutionsLeader in

EM Asset Mgmt

in 30 countries &

territories2

Broad Product Range

c 2,200employees2

Multi-specialist

$390bn AUM1

Individual &

Institutional

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Capabilities

Fixed Income

Climate Change

Socially Responsible

Investment

Emerging Markets

Equity

Alternatives

Distinct Asset

Management Capabilities

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Fund of Hedge Funds

Climate Change

Socially Responsible

Investment

Emerging Markets

HSBC Amanah

(Shariah

compliant investments)

AlternativesRecognised

Expertise

Expertise

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HSBC Global Asset Management Middle East & Africa

Investment Capabilities

٣

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Structure

Active, FundamentalInvesting with conviction to produce outstanding and consistent performance over the long term

Active, QuantitativeDelivering robust performance in a risk-adjusted environment

Multi-ManagementSelecting the world’s leading managers, irrespective of asset class, geographical focus and management style

Cash ManagementOffering a wide range of

funds matching investment horizon, regulation and currency constraints

HSBCGroup

Personal

Financial Services

PrivateBanking

Global Banking

and Markets

CommercialBanking

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Halbis Capital Management Active, fundamental investment capabilities

Established in 2005

US$140.6 billion under management

Approximately 200 investment professionals

Investment teams in Hong Kong, London, New York, Paris, Sao Paulo and Singapore

Markets are inefficient and can be exploited through active, fundamental managementFocused on delivering sustainable value-added performance

– Small empowered investment teams

– Decentralized decision-making structure

– Speed of action– High conviction investing– Compensation tied to investment

results

Assets under management as at 30 June 2009

Investment Philosophy

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Preservation of capital, competitive yield, and liquidityActive risk management Extensive credit research

HSBC Liquidity Global liquidity solutions

Established in 1990

US$98.7 billion under management

50 investment professionals worldwide

Investment teams in 4 locations – New York, Paris, Hong Kong, Canada and Bermuda

Full range of investment strategies– AAA-rated

– Enhanced yield and short duration

– Multiple currencies

Among the largest US dollar offshore money market fund ranges*

Investment Philosophy

Assets under management as at 31 March 2009* Source: Institutional Money Market Funds Association

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HSBC Multimanager Global multi-manager research and

strategiesEstablished in 1999

US$60 billion assets under advice and management

Over 50 investment professionals, employed globally

Investment teams in 10 locations around the world, including Hong Kong, London, New York, Paris, Tokyo, Taiwan and Sao Paulo

Single and multi-asset strategies in developed and emerging equity, fixed income and real estate

Assets under advice and management as at 31 December 2008

Dedicated to delivering performance by finding best-in-class active managersHigh quality research and analysis allied with good judgement is key to long-term performanceFocus on qualitative research to generate alphaOrganized into specialist asset class teams, empowered to make decisions at the point of greatest insightCompensation tied to investment results

Investment Philosophy

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SINOPIA Asset Management Active, quantitative and structured

strategiesEstablished in 1989

US$24.6 billion under management

Approximately 100 investment professionals

Investment teams in Hong Kong, London, New York and Paris

Active quantitative and structured investment capabilities

Assets under management as at 31 June 2009

Strategies based on key financial theories and proprietary analysis and modelsMajor emphasis on innovation and researchStrong risk managementAim of delivering consistent out-performance Low trading costs Risk-controlled environment

Investment Philosophy

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HSBC Global Investment Funds

Global flagship fund range

Range of investment styles and geographies

Over 50 funds, registered in over 30 countries

Supported by the Global Funds Centre– Easy to access information on all HSBC

Global Funds– Information all in one place– Breakdown of portfolio holdings in all

our funds

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HSBC Amanah

Shariah compliant products and services

Capacity to customise product and service solutions tailored to client specific goals and objectives

Expertise in Islamic structures which complements the technical expertise of specialist and regional teams

Shariah compliant cash management productsIslamic liquidity management techniques structured through commodity based Murabaha transactionShort-term maturities comparable to conventional money market products

Global coverage and primary research capabilitiesLong only actively managed mandatesPassively managed trackersMulti-manger fundsDiscretionary asset allocation

EquityLiquidityAlternative investment solutions tailored to enhance returnsInvestor choice

– Real Estate– Capital Protected

Structured and Alternative

HSBC Amanah

Investment Products

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Source: HSBC Amanah, December 2008

HSBC Amanah Assets under management

As of December 2008, HSBC managed approximately US$3.5 billion of Islamic investments

Equity34.0%

Money market13.6%

Capital protected0.4%

Real estate52.0%

٤

Why HSBC Global Asset Management?

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Why HSBC Global Asset Management?

Client-focused Investment Capabilities

Long History of

Managing Institutional

Accounts Globally

Broad, Highly Diversified

Range of Products

Recognised Leader in

Emerging Markets Asset

Mgmt

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Client-focused investment capabilities

Analysis and assessment of each investment objective and constraint

Close and unbiased work with its specialist businesses

Proposition of the most appropriate investment solution

Client services

Client solution

HSBC Global Asset ManagementClient

Objectives

Relative performanceAbsolute performanceInvestment horizonRisk exposureLiquidity

Constraints

Legal environmentAccounting environmentTechnical constraintsInvestment universe

+

Research and expertise of specialist businesses

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Highlighted investment capabilities

EquityFixed Income

Multi-Asset & Balanced

Money Market

Structured & Guaranteed

AsiaBRICEmerging MarketsLatin AmericaUK and EuropeLocal

AsiaEmerging marketsUK and EuropeGlobalLocal

Global RegionalLocal

- -

- - - AAA-rated liquidity Multiple currencies

Global Emerging marketsNorth AmericaEurope JapanAsia ex-Japan

GlobalEmergingmarkets

GlobalRegional

- -

GlobalEmerging marketsIndex Enhanced index Thematic– Climate changeLong/Short

GlobalEmerging marketsInflation linked IndexEnhanced index

- - Active guaranteedProtectedStructured

Source: HSBC Global Asset Management

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A Leading Emerging Markets asset manager

A longstanding presence in emerging markets– HSBC’s roots were formed in China and India in the 19th century

Approximately US$52 billion in emerging markets worldwide*

Over 180 dedicated emerging markets investment professionals working together from 16 key locations

Highly rated local, regional, and global products accessible through separate accounts and commingled vehicles

Assets split roughly 50/50 between emerging markets equities and fixed income/liquidity

*Assets under management as at 31 December 2008Source: HSBC Global Asset Management

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Emerging Markets Cross Border Strategies

Multi Country StrategiesAsia ex Japan EquityAsia ex Japan Equity HedgedAsia ex Japan Equity High DividendAsia ex Japan Equity Smaller CompaniesBRIC Markets EquityEmerging Europe EquityGEM EquityEmerging WealthNew Frontiers

Fixed Income StrategiesBrazil BondGEM BondGEM Local Debt New World IncomeInflation Linked Bonds

Single Country StrategiesBrazil EquityChinese EquityHong Kong EquityIndian EquityKorean EquityRussia Equity Singapore EquityThai EquityTurkish Convergence

Freestyle StrategiesAsia FreestyleBRIC FreestyleGEM Equity FreestyleLatin American Freestyle

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AwardsHSBC wins Euromoney Award for Excellence in 2009

HSBC Amanah – Best Islamic Fund Manager for 2009

Best Saudi Equity Fund Lipper 2009 Award for HSBC Amanah Saudi Equity Fund 10 years

Best Islamic Equity Fund Lipper 2009 Award for Amanah Global Equity Index Fund 3 years

HSBC – Best Sukuk House and Best Takaful House for 2009

HSBC Amanah – Best Islamic Fund Manager for 2008

Emerging Markets Manager of the Year at the European Pension Awards 2008

Professional Pensions Fund of Hedge Fund manager of the year 2007 and 2008

Best GCC Equity Fund (HSBC Amanah GCC Equity Fund) 2007

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Dan RuddHead of MENA WholesaleE-mail: daniel.rudd@hsbc.comMobile: 00 971 501 895 883

Stuart CameronRegional Sales Manager, Group DistributionEmail: stuart.cameron@hsbc.comMobile: 00 971 566 032 085

MENA team

Yasmin

KhalifaRegional Sales Manager, ExternalEmail: yasmin.khalifa@hsbc.comMobile: 00 971 504 570 361

Appendix –

Internal slides

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HSBC Global Asset Management’s history of strategic global growth

HSBC Global Asset Management

SINOPIA Halbis

HSBC Investments

HSBC Asset Management

WardleyAustralia

HSBC acquires

M K WongCanada

James Capel

Inv. Mgmt

UK

RepublicUSA

CCFFrance

HSBC acquires

CSITTaiwan

India office

created

Integration of Bital’s

Asset Mgmt unit

Mexico

Integration of

Bermuda Asset Mgmt

Halbis

acquires Atlantic

Advisors LLC and other

fixed income teams

Asset Management

Services

WardleyJapan

MarinvestUSA James Capel

Midland

MontaguUK

Banco

Roberts/MaximaArgentina

BamerindusBrazil

HSBC Trinkaus

Capital Mgmtcollaboration

Integration of Turkey

China Joint

ventureSaudi joint

venture

Wardley

Inv. Services

Hong Kong

1973 1980 1992 1994 20001998 2002 2003 20042001 2005 2006 2008

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MENA distribution

Internal ExternalPFS

CMBIWM

Private Banks IFAs

Third parties

Private Bank

Life/Takaful

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Our Assets under Distribution

Institutional64.29%

Private Client3.86%

Wholesale31.85%

Source: HSBC Global Asset Management, December 2008

External17.42%

GPB7.39%

CMB19.42%

PFS55.77%

US$118.6bnUS$372bn

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Important information

The HSBC Global Investment Fund (‘GIF’) range is a Luxembourg domiciled SICAV and is regulated by the CSSF. The HSBC MultiAlpha

funds are sub-funds of the HSBC International Select Fund, a Luxembourg domiciled SICAV regulated by the CSSF. The HSBC Amanah

Funds SICAV is a Luxembourg domiciled SICAV and is regulated by the CSSF.The funds mentioned in this document may not be registered for sale or available in all jurisdictions. For available funds please contact your local HSBC office. The HSBC Funds ranges mentioned in this document cannot be sold by anyone in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such

offer or solicitation.All applications are made on the basis of the current Funds Prospectus, simplified prospectus and most recent annual and semi-annual reports. These can be obtained on request and free of charge from HSBC Global Asset Management (UK) Limited or the local distributors.The securities representing interests in the Funds range have not been and will not be registered under the US Securities Act of

1933 and will not be offered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or United States person, except in a transaction which does not violate the Securities Law of the United States of America.As with any investment where the underlying investments are stocks and shares, the price of shares in HSBC Funds and any income from it can go down as well as up, is not guaranteed, and you may not get back the amount of your original investment. Where overseas investments are held, the rate of exchange may cause the value of such investments to go down as well as up. Where a sub-fund invests predominately in one geographical area, any decline

in economic conditions may affect prices and the value of underlying investments. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in established markets. You should view this investment as medium to long term, and should plan to keep it for at least five years.HSBC Global Asset Management (UK) Limited provides information to professional advisers and their clients on the investment products and services of members of the HSBC Group. The material contained in this document is for information only and does not constitute investment advice or a

recommendation to any reader of this material to buy or sell investments.The products outlined in this document are provided by HSBC Global Asset Management (UK) Limited, 8 Canada Square, Canary Wharf,

London, E14 5HQ, UK. Authorised and regulated by the Financial Services Authority

and registered as number 122335. ©

Copyright. HSBC Global Asset Management 2009. All Rights Reserved.These products are marketed in a sub-distributing capacity on a principal –

to –

principal basis by the HSBC Global Asset Management MENA, a unit that is part of HSBC Bank Middle East Limited, PO Box 66, Dubai, UAE, which is incorporated and regulated by the Jersey Financial Services Commission. Services are subject to the Bank’s terms and conditions. HSBC Bank Middle East Limited is a member of the HSBC Group. The information provided has not been prepared taking into account the particular investment objectives, financial situation and

needs of any particular investor. As a result, investors using this information should assess whether it is appropriate in the light of their own individual circumstances before acting on it. The information in this document is derived from sources believed to be reliable, but which have not been independently verified. However, HSBC Bank Middle East Limited makes no guarantee of its accuracy and completeness and is not responsible for errors of transmission of factual or analytical data, nor shall HSBC Bank Middle East Limited be liable for damages arising out of any person’s reliance upon this information. All charts and graphs are from publicly available sources or proprietary data. The opinions in

this document constitute the present judgment of the issuer, which is subject to change without notice.This document is neither an offer to sell, purchase or subscribe

for any investment nor a solicitation of such an offer. This document is intended for the use of institutional and professional customers and is not intended for

the use of private customers. This document is intended to be distributed in its entirety. No consideration has been given to the particular investment objectives, financial situation or particular needs of any recipient. Any transaction will be subject to HSBC Bank’s Terms of Business.15713 –

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