Director Shareholding

HSBC Holdings PLC
11 July 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

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
Abacus Corporate Trustee Limited 373,030
Computershare Trustees Limited Account SIP 335
S K Green 138,274
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)

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

Disposal by Trustee of the Restricted Share Plan of sufficient shares to meet
tax liability upon release of scrip dividend shares on 1998 award

7) Number of shares/amount of stock acquired

8) Percentage of issued class

9) Number of shares/amount of stock disposed

295

10) Percentage of issued class

de minimis

11) Class of security

Ordinary shares of US$0.50 each


12) Price per share

£7.4084


13) Date of transaction

18 June 2003

14) Date company informed

10 July 2003 (Director made aware of transaction on 10 July 2003)


15) Total holding following this notification

571,411


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 11 July 2003


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