Director Shareholding

HSBC Holdings PLC
13 July 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

HSBC Holdings plc

2) Name of director

Sir Brian Williamson

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)

Sir Brian Williamson

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

Acquisition/Scrip dividend


7) Number of shares/amount of stock acquired

142

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

US$14.2930


13) Date of transaction

7 July 2004


14) Date company informed


13 July 2004 (Director was made aware of the transaction on 13 July 2004)


15) Total holding following this notification

15,729

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

Paul Stafford, Assistant Group Secretary 020 7992 1509


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

As in 24) above


Date of Notification 13 July 2004


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