3rd Int Div - Scrip Div

HSBC Holdings PLC
28 November 2007


                               HSBC HOLDINGS PLC
                        THIRD INTERIM DIVIDEND FOR 2007
                           SCRIP DIVIDEND ALTERNATIVE

On 5 November 2007, the Directors of HSBC Holdings plc declared a third interim
dividend for 2007 of US$0.17 per ordinary share payable on 16 January 2008 to
shareholders on the Register on 23 November 2007. The dividend is payable in
cash in United States dollars, sterling or Hong Kong dollars, or a combination
of these currencies, with a scrip dividend alternative. The 'Market Value' for
the issue of new shares under the scrip dividend alternative is:

                           US$16.821 for each new share

The 'Market Value' is the United States dollar equivalent of £8.132 being the
average of the middle market quotations for the ordinary shares on the London
Stock Exchange as derived from the Daily Official List for the five business
days beginning on 21 November 2007 (the day on which the shares were first
quoted ex-dividend).

Dividends payable in cash in sterling or Hong Kong dollars on 16 January 2007
will be converted from United States dollars at the forward exchange rates
quoted by HSBC Bank plc in London at or about 11.00am on 7 January 2008. These
exchange rates will be announced to the London, Hong Kong, New York, Paris and
Bermuda stock exchanges.

Particulars of the dividend arrangements will be mailed to shareholders on or
about 5 December 2007, and elections must be received by the Registrars by 2
January 2008.

R G Barber
Group Company Secretary
HSBC Holdings plc
 
Note to editors:

HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through around
10,000 offices in 83 countries and territories in Europe, the Asia-Pacific
region, the Americas, the Middle East and Africa. With assets of some US$2,150
billion at 30 June 2007, HSBC is one of the world's largest banking and
financial services organisations. HSBC is marketed worldwide as 'the world's
local bank'.



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