RESTRICTED

Name: Ahmed, Faisal

Employee ID: 43222080
Country/Region: India
Effective Date: 01 March 2024

2023/2024 Pay Statement

Dear Faisal Ahmed,

2023 Total Compensation
Your total compensation is comprised of your annualised fixed pay at 31 December 2023 Year End Fixed Pay ₹1,000,000
and your total variable pay, if any, in respect of the performance year 2023.
Variable Pay ₹83,333
Your total fixed pay is comprised of your base salary and any allowances that you may be Immediate Cash ₹83,333
eligible for. Total Compensation ₹1,083,333

Your new fixed pay is effective from the date indicated at the top of the statement.
2024 Fixed Pay and On-Target Variable Pay
Your 2024 on-target variable pay represents the full-time equivalent level of award you may
expect to receive if certain conditions – including individual, business and HSBC group Base Salary ₹440,000
performance targets, are met. It is for indicative reference only, is not a guarantee or Allowances ₹660,000
entitlement of any kind and any final award could be higher or lower. Further information can Total Fixed Pay ₹1,100,000
be found on HRDirect.
On-Target Variable Pay ₹121,100
Fixed pay excludes provident fund and gratuity.

Please remember that the contents of this statement (including the notes on the following
page) constitute Restricted Information. This information is highly confidential and should
only be disclosed if required for any tax, legal or regulatory purposes.

For HSBC EDP (India) Private Ltd

(Generated by Human Resources)
Notes

All figures shown have been rounded to the nearest whole number for purposes of this pay statement.

Variable Pay
Please note that any and all elements of your variable pay are subject to the terms and conditions of your employment with the company. Subject to any
applicable local law and /or regulation you shall have no right to receive any variable pay if on or before the award or payment date of any variable pay
award i) you are suspended, placed under investigation and/or subject to disciplinary proceedings; ii) your employment terminates for any reason; or iii) you
are under notice of termination (whether given by you or any company within the HSBC Group of companies). The payment of any variable pay elements,
whether in cash or otherwise, does not confer any right to receive an amount, whether in cash or otherwise, next year or at any time in the future.

Immediate Cash
Your award will be paid through payroll, less any statutory withholdings, subject to i) you being in employment and not under notice of termination, either
given to or received from any company within the HSBC Group of companies and ii) you not being suspended, placed under investigation and/or subject to
any disciplinary proceedings on the payment date.

On-Target Variable Pay

Your on-target variable pay represents the full-time equivalent level of award you may expect to receive if certain conditions – including individual, business
and HSBC group performance targets, are met. It is for indicative reference only, is not a guarantee or entitlement of any kind and any final award could be
higher or lower. Any variable pay award remains at all times subject to the Company’s absolute discretion. Further information can be found on HRDirect.

Total Fixed Pay

If you are employed full time, your actual and your full time equivalent (FTE1) total fixed pay are the same. If you are employed on a part-time basis, your
annualised full time equivalent total fixed pay is also displayed in this statement.