RETAIL BANKING | Cesar Tordesillas, Hong Kong

Hang Seng's CFO to resign

Patrick K W Chan will resign as the Hang Seng Bank's Chief Financial Officer effective 8 July 2009. He will pursue other career prospects outside the financial industry and will not offer himself for re-election at the Bank’s annual general meeting to be held on 6 May 2009. Hence he will cease to be an Executive Director of the Bank.According to the announcement by the Board of Directors of Hang Seng Bank Limited, Mr. Chan confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Bank.

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