Grant of Options

HSBC Holdings PLC
9 May 2002


HSBC HOLDINGS GROUP SHARE OPTION PLAN

The following grant of options was made under the HSBC Holding Group Share
Option Plan by HSBC Holdings plc:

Scheme              Date          Number of Options over    Exercise Price     Exercise Period
                                  Ordinary Shares of US$0.50

HSBC Holdings Group 7 May 2002    56,763,464                  840.50p          7 May 2005 - 7 May 2012
Share Option Plan 


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