HSBC France € 20,000,000,000 Euro Medium Term Note Programme

[There are restrictions on the offer and sale of the Notes and the distribution ofoffering materials in various jurisdictions.]E.4 Interests ofnatural andlegal personsinvolved inthe issue ofthe NotesE.7 Estimatedexpensescharged toinvestor bythe Issuer orthe offeror[Not applicable, so far as the Issuer is aware, no person involved in the issue of theNotes has an interest material to the offer.] [The Dealer will be paid aggregatecommissions equal to [●] per cent. of the nominal amount of the Notes. So far as theIssuer is aware, no other person involved in the issue of the Notes has an interestmaterial to the offer.] [●].[The estimated expenses charged to the investor amount to [●]./ Not applicable, thereare no expenses charged to the investor.]19