Director Shareholding

HSBC Hldgs PLC
20 March 2001


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

HSBC HOLDINGS PLC


2)  NAME OF DIRECTOR

D G ELDON


3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

IN RESPECT OF THE DIRECTOR


4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

HSBC NOMINEES (HONG KONG) LTD          3,819
ABACUS CORPORATE TRUSTEE LIMITED     157,058


5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

AS IN 3. ABOVE


6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

CONDITIONAL AWARD UNDER RESTRICTED SHARE PLAN 2000 - BENEFICIAL INTEREST


7)  Number of shares/amount of
    stock acquired

42,105


8)   (N/A %)
     of issued Class

DE MINIMIS

9)  Number of shares/amount
    of stock disposed



10)  ( N/A %)
     of issued Class


11) Class of security

ORDINARY SHARES OF US$0.50 EACH



12) Price per share

£9.5001


13) Date of transaction

12 MARCH 2001
(DIRECTOR MADE AWARE OF THE TRANSACTION ON 19 MARCH 2001)


14) Date company informed

19 MARCH 2001


15) Total holding following this notification

160,877 ORDINARY SHARES OF US$0.50 EACH


16) Total percentage holding of issued class following this notification

DE MINIMIS


     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

E A HOBLEY,
ASSISTANT SECRETARY
020 7260 3272


25) Name and signature of authorised company official responsible for
    making this notification

   Date of Notification     20 MARCH 2001



                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

HSBC HOLDINGS PLC



2)  NAME OF DIRECTOR

D G ELDON


3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

IN RESPECT OF THE DIRECTOR


4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

HSBC NOMINEES (HONG KONG) LTD         13,546
ABACUS CORPORATE TRUSTEE LIMITED     137,605


5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

AS IN 3. ABOVE


6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

BASED ON PERFORMANCE OVER THE FOUR YEAR PERIOD TO 31 DECEMBER 2000, FORFEIT OF
50% OF RESTRICTED SHARE PLAN AWARD MADE IN 1997 - BENEFICIAL INTEREST


7)  Number of shares/amount of
    stock acquired



8)   (N/A %)
     of issued Class



9)  Number of shares/amount
    of stock disposed

9,726


10)  ( N/A %)
     of issued Class

DE MINIMIS

11) Class of security

ORDINARY SHARES OF US$0.50 EACH



12) Price per share

N/A


13) Date of transaction

14 MARCH 2001
(DIRECTOR MADE AWARE OF THE TRANSACTION ON 19 MARCH 2001)


14) Date company informed

19 MARCH 2001


15) Total holding following this notification

151,151 ORDINARY SHARES OF US$0.50 EACH


16) Total percentage holding of issued class following this notification

DE MINIMIS


     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

E A HOBLEY,
ASSISTANT SECRETARY
020 7260 3272


25) Name and signature of authorised company official responsible for
    making this notification

   Date of Notification     20 MARCH 2001