87RG Hsbc Hldg. 25

        
    23 October 2008
    Issue: GFH Sukuk
    1
    XS0312737819
    Pursuant to our appointment as Agent for the above stated issue, please be
    advised of the following interest rate determination:
    Date From: 27 October 2008
    Date To: 26 January 2009
    Value Date: 26 January 2009
    Benchmark Rate: 3.535%
    Margin: 1.25%
    Total Rate: 4.785%
    Number of Days: 91
    Day Count: Actual / 360
    Interest Frequency: Quarterly
    Total Amount Due:
    USD 2,419,083.33
    Pool Factor: 1

Hsbc Hldg. 25 (LSE:87RG)
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