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Hirco PLC

("Hirco" or the "Company")

Hirco plc - Rule 17 Disclosure - HSBC Holdings plc

Holding in a Company

October 15, 2009 - LONDON - Hirco PLC (AIM: HRCO), an investment vehicle for Hiranandani, India's largest developer of prestigious mixed-use townships, today announced that in accordance with rule 17 of the AIM Rules, the Company has been notified of the following notice of change in a notifiable interest in the Company's ordinary shares of 1p each ("Shares").

Schedule Five

(a)    the identity of the significant shareholder concerned;

HSBC Holdings plc through its subsidiaries, Halbis Capital Management Hong Kong Limited, HSBC Bank plc, HSBC Global Asset Management Singapore Limited, HSBC Private Bank (Suisse) SA and HSBC Investment Management.

(b)    the date on which the disclosure was made to it;

        13 October 2009

(c)    the date on which the deal or the relevant change to the holding was effected;

        Not known

(d)    the price, amount and class of the AIM securities concerned;

         Not known

(e)    the nature of the transaction;

        Not known

(f)    the nature and extent of the significant shareholder's interest in the transaction;

 

       The significant shareholder now holds 7,734,507 Shares which represents approximately 
       10.11% of the Company's issued share capital. The significant shareholder holds its 
        interest  in the Company through its subsidiaries in the following proportions:

 

        Halbis Capital Management Hong Kong Limited - 1,648,000 shares - 2.15%

 

        HSBC Bank plc - 1,947,398 - 2.54%

 

        HSBC Global Asset Management Singapore Limited - 4,100,000 - 5.36%

 

        HSBC Private Bank (Suisse) SA - 30,609 shares - 0.04%

 

        HSBC Investment Management - 8,500 - 0.01%

 

 (g)    where a deal takes place when it is in any close period under rule 21, the date upon which any previous binding commitment was notified or the date upon which the Exchange granted permission to deal in order to mitigate severe personal hardship; and

         N/A

 

(h)    where the notification concerns a related financial product, the detailed nature of the exposure;

        N/A

 

ENDS

 

Contacts:            

Hirco                               Gutenberg Communications

Jasper Reiser                    US - Hugh Burnham / Michael Gallo

+91 22 2571 9013           +1 212 239 8595 / +1 212 239 8594

jreiser@hirco.com             hugh@gutenbergpr.com
                                         mgallo@gutenbergpr.com

 

                                         UK - Shalini Siromani

                                         +44 (0) 20 3008 5231

                                         shalini@gutenbergpr.com

                                         India - Pranav Kumar

                                         +91 98 1007 7898

                                         pranav@gutenbergpr.com

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