Fourth Interim Dividend 2007

HSBC Holdings PLC
28 March 2008


                                        
                                HSBC HOLDINGS PLC
                        FOURTH INTERIM DIVIDEND FOR 2007
                           SCRIP DIVIDEND ALTERNATIVE
                                        
On 3 March 2008, the Directors of HSBC Holdings plc declared a fourth interim
dividend for 2007 of US$0.39 per ordinary share payable on 7 May 2008 to
shareholders on the Register on 25 March 2008. The dividend is payable in cash
in United States dollars, sterling or Hong Kong dollars, or a combination of
these currencies, with a scrip dividend alternative. The "Market Value" for the
issue of new shares under the scrip dividend alternative is:

                         US$16.4022 for each new share

The "Market Value" is the United States dollar equivalent of £8.132 being the
average of the middle market quotations for the ordinary shares on the London
Stock Exchange as derived from the Daily Official List for the five business
days beginning on 19 March 2008 (the day on which the shares were first quoted
ex-dividend).

Dividends payable in cash in sterling or Hong Kong dollars on 7 May 2008 will be
converted from United States dollars at the forward exchange rates quoted by
HSBC Bank plc in London at or about 11.00 am on 28 April 2008. These exchange
rates will be announced to the London, Hong Kong, New York, Paris and Bermuda
stock exchanges.

Particulars of the dividend arrangements will be mailed to shareholders on or
about 3 April 2008, and elections must be received by the Registrars by 24 April
2008.


R G Barber
Group Company Secretary
HSBC Holdings plc






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