Directors S/hldg - Amendment

HSBC HOLDINGS PLC

The issuer has advised of the following amendment to the Director's Shareholding
announcement released on 13 October 1999 at 12:30 under RNS No 9724n.

The shareholdings in Section 4 showed the new shares added and not the revised
cumulative total for each holding.

The full corrected version is shown below.
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                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

HSBC HOLDINGS PLC

2)   NAME OF DIRECTOR

SIR J R H BOND

3)   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above
     or 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)

TURNSONIC (NOMINEES) LIMITED            5,898
HSBC NOMINEES (HONG KONG) LIMITED       52,409
HSBC TRUSTEE (C.I.) LIMITED             103,481

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

AS IN 3. ABOVE

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

SCRIP DIVIDEND - BENEFICIAL

7)   Number of shares/amount of
     stock acquired

1,692*
56+

8)   (DE MINIMIS %)
    of issued Class


9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

ORDINARY SHARES OF US$0.50 EACH

12)  Price per share

*US$12.1107
+£7.13

13)  Date of transaction

*7 OCTOBER 1999
+8 OCTOBER 1999

14)  Date company informed

13 OCTOBER 1999

15)  Total holding following this notification

161,788 ORDINARY SHARES OF US$0.50 EACH

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

N/A

18)  Period during which or date on which exercisable

N/A

19)  Total amount paid (if any) for grant of the option

N/A

20)  Description of shares or debentures involved:
     class, number.

N/A

21)  Exercise price (if fixed at time of grant) or indication
     that price is to be fixed at time of exercise

N/A

22)  Total number of shares or debentures over which
     options held following this notification

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

R H MUSGROVE, ASSISTANT SECRETARY   0207 260 0375

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

     Date of Notification...19 OCTOBER 1999..............