Director Shareholding

HSBC Holdings PLC
08 May 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

HSBC Holdings plc

2) Name of director

W R P Dalton

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

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) Limited 13,437
Abacus Corporate Trustee Limited 318,216
Computershare Trustees Limited Account SIP 301
W R P Dalton 22,149

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

In respect of Director


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 (395 shares)

ii) Acquisition/scrip dividend on conditional award under Restricted Share Plan
(9,369 shares)

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

iv) Acquisition/scrip dividend (885 shares)

7) Number of shares/amount of stock acquired

10,657

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) and iv) - US$10.7146

        iii) - £6.945


13) Date of transactions

6 May 2003


14) Date company informed

8 May 2003

15) Total holding following this notification

354,103



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 8 May 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company


    HSBC Holdings plc

    2) Name of director

    A W Jebson

    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

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

    Abacus Corporate Trustees Limited 340,923

    A W Jebson 56,843


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

    In respect of the Director

    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 conditional award under Restricted Share
    Plan (10,038 shares)

    ii) Acquisition/scrip dividend (1,673 shares)


    7) Number of shares/amount of stock acquired

    De minimis


    8) Percentage of issued class


    9) Number of shares/amount of stock disposed


    10) Percentage of issued class

    De minimis

    11) Class of security

    Ordinary Shares of US$0.50 each


    12) Price per share

    US$10.7146


    13) Date of transaction

    6 May 2003

    14) Date company informed

    8 May 2003

    15) Total holding following this notification

    397,766


    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 8 May 2003



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