Director Shareholding

HSBC Holdings PLC
14 May 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

HSBC Holdings plc

2) Name of director

S K Green

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 a non-beneficial
interest

In respect of the Director and spouse

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 Trinkaus & Burkhardt (International) SA 14,772 (spouses holding)
Abacus Corporate Trustee Limited 373,030
Computershare Trustees Limited Account SIP 301
S K Green 138,569
Stephen Keith Green & Janian Green  45,000

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

Spouse (Mrs J Green)

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

 i. Acquisition/scrip dividend on spouses holding (435 shares)

    ii. Acquisition/scrip dividend on conditional award under Restricted Share
    Plan (10,982 shares)

    iii. Acquisition/dividend reinvestment on shares held in HSBC Holdings UK
    Share Ownership Plan (8 shares)

    iv. Acquisition/scrip dividend (721 shares)

7) Number of shares/amount of stock acquired

12,146

8) Percentage of issued class

De minimis

9) Number of shares/amount of stock disposed



10) Percentage of issued class



11) Class of security

Ordinary shares of US$0.50 each

12) Price per share

i), ii), iv) - US$10.7146

iii) - £6.945

13) Date of transaction

6 May 2003 (Director was made aware of transaction on 14 May 2003)

14) Date company informed

14 May 2003

15) Total holding following this notification

571,672

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

Robert Musgrove, Assistant Secretary, 020 7992 1504

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

As in 24) above

Date of Notification 14 May 2003


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