Directors' Notification of Dealing in Shares

HSBC Hldgs PLC
4 September 2000

C de Croisset

Mr C de Croisset, appointed a Director of HSBC Holdings plc on 1 September 2000,
had at the date of his appointment the following interests in HSBC Group
securities:-

i.  32,500 ordinary shares of US$0.50 each of HSBC Holdings plc registered in
    his own name.

ii. Options over shares of Credit Commercial de France (CCF), a subsidiary of 
    HSBC Holdings plc (all granted for nil consideration).

    Number      Date Granted      Period during which      Exercise Price
                                  rights exercisable

    20,000       23/06/1994          To 23/06/2004             215 FF
    30,000       19/06/1995          To 19/06/2005             223 FF
    30,000       09/05/1996          To 09/05/2006             233 FF
    30,000       07/05/1997          To 07/05/2007             243 FF
    30,000       29/04/1998          To 29/04/2008             492 FF
    28,000       07/04/1999          To 07/04/2009             81.71 Euro
    28,000       12/04/2000          To 12/04/2010             142 Euro

The options that Mr de Croisset holds were granted by CCF.  Following the 
success of the HSBC offer for CCF, these options have vested.  When these
options are exercised the CCF shares issued will be exchangeable in the same
ratio as for the acquisition of CCF - 13 HSBC Holdings plc ordinary shares of
US$0.50 each for 1 CCF share.