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HR/MV/CD-12

Saurav Chutani Assistant Manager Premier Sales & Wealth Management Noida 211617

28 June 2012

Dear Saurav, I am pleased to advise that with effect from 01 July 2012 you will receive an increase of INR 60,000/- p.a. in your salary. The allowances and perquisites applicable to you are described in Appendix `A. All other terms and conditions remain unchanged. May I request you to revert to your HR RM within 3 working days if you need any clarification. No revert within the stipulated time will be construed as your express acceptance to the contents of this letter. May I take this opportunity to wish you continued success in your future career with the Bank.

Yours sincerely,

Raj Shekhar Vice President HR Service Delivery

The Hongkong and Shanghai Banking Corporation Limited India Area Management Office 52/60 Mahatma Gandhi Road, P.O. Box 128, Mumbai 400 001, India. Telephone : 91-22-2267 4921 Fax : 91-22-2264 1724 email : info@hsbc.co.in www.hsbc.co.in
Incorporated in the Hong Kong SAR with limited liability

Signed On 28-Jun-2012 By Shekhar Raj (The Hongkong and Shanghai Banking Corporation Limited)

HSBC GROUP - INDIA ANNEXURE `A' Location: Noida COMPENSATION SUMMARY (Per Annum) ALLOWANCES (per annum) Basic General Allowance INR 227,496/- pa 459,756/- pa

DEATH IN SERVICE EX-GRATIA PAYMENT TO NEXT OF KIN (Conditions apply) As per Bank Policy Note: Your salary increment has been currently provided as SUPPLEMENTARY ALLOWANCE. You are requested to log on to e-HR and re-allocate the allowance using any of the following options as per your requirement HRA LTA Medical Telephone Fuel, Maintenance & Driver Salary or Conveyance Professional Development Meal Voucher Supplementary Allowance

Please note all changes must be updated on e-HR by the 10th of the month, for processing in the same months payroll. Changes in the distribution of allowances will not be backdated.

The Hongkong and Shanghai Banking Corporation Limited India Area Management Office 52/60 Mahatma Gandhi Road, P.O. Box 128, Mumbai 400 001, India. Telephone : 91-22-2267 4921 Fax : 91-22-2264 1724 email : info@hsbc.co.in www.hsbc.co.in
Incorporated in the Hong Kong SAR with limited liability

Signed On 28-Jun-2012 By Shekhar Raj (The Hongkong and Shanghai Banking Corporation Limited)

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