M&S Money Reveals Brits Stick to Things They Know and Love

LONDON, September 16, 2010 - M&S Money has revealed new research that shows when shop keepers and
businesses earn the British public's trust, customers return time and time
again.

From dentists to favourite shop keepers, on average these relationships
with our favourite shops and people last the test of time, according to new
research by M&S Money* to mark the company's 25th anniversary.

The results showed that people have firm favourites among their
shopkeepers and other professionals, with almost 25 million Brits remaining
loyal to their favourites for 20 years or more. Six out of 10 say that good
customer service is the main reason they stay loyal to a person or business
and over half cite reliability and good value for money.

The report also showed that 1.3 million women have stuck with the same
hairdressers for over 20 years and, on average, British adults have the same
doctor for almost 13 years, with over 10 million staying with the same doctor
for 25 years. The research also found that despite some people's nervousness
they stay faithful to our dentists for nearly nine years. It was also
revealed that men stay with their main bank for 14 years and women slightly
longer at 15 years.

Colin Kersley, chief executive of M&S Money, said: "Consumers will
evidently stick with businesses and people who deliver great service and look
after their customers. Most people can name someone they trust completely,
whether cutting their hair, managing their money, decorating their house or
fixing their car.

"People clearly feel strongly about good customer service, reliability
and trustworthiness as these are reasons why they stay loyal for so long.
After 25 years in business, M&S Money has stood the test of time and we know
how important it is to continue earning the loyalty of our customers.

"While the average relationship lasts nearly nine years, our own M&S
Money customers have remained loyal to us for an average of 17 years."

Notes to Editors:

* Research conducted online by Opinium Research amongst a nationally
representative

About M&S Money:

M&S Money (the trading name of Marks & Spencer Financial Services) was
founded in 1985 as the financial services division of Marks and Spencer Group
plc, making 2010 the company's 25th anniversary.

The company is a top-ten credit card provider (
money.marksandspencer.com/cards/credit-card/overview/) and the
second-largest travel money retailer in the UK. M&S Money also offers a range
of insurance cover, including insurance for pets (
money.marksandspencer.com/insurance/pet-insurance/overview/), home &
contents insurance (
money.marksandspencer.com/insurance/home-insurance/overview/) and
comprehensive car insurance (
money.marksandspencer.com/insurance/car-insurance/overview/), as well
as loans, savings and investment products.

In November 2004, Marks & Spencer sold M&S Money to HSBC. HSBC Holdings
plc, the parent company of the HSBC Group, is headquartered in London. The
Group serves customers worldwide from around 8,000 offices in 88 countries
and territories in Europe, the Asia-Pacific region, the Americas, the Middle
East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is
one of the world's largest banking and financial services organisations. HSBC
is marketed worldwide as 'the world's local bank'.

M&S Money has an executive committee comprising an equal number of
representatives from HSBC and Marks & Spencer.

For further information please call the M&S Money press office:

    Simon Coughlin
    Media Relations Manager
    M&S Money
    8 Canada Square
    Canary Wharf
    London
    E14 5HQ
    +44(0)20-7992-1574
    money.marksandspencer.com

Simon Coughlin, Media Relations Manager, M&S Money, 8 Canada Square, Canary Wharf, London, E14 5HQ, +44(0)20-7992-1574