Re: 2nd Int Div 2007

HSBC Holdings PLC
22 August 2007

                                HSBC HOLDINGS PLC
                        SECOND INTERIM DIVIDEND FOR 2007
                           SCRIP DIVIDEND ALTERNATIVE

On 30 July 2007, the Directors of HSBC Holdings plc declared a second interim
dividend for 2007 of US$0.17 per ordinary share payable on 4 October 2007 to
shareholders on the Register on 17 August 2007. 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$17.5483 for each new share

The 'Market Value' is the United States dollar equivalent of £8.874 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 15 August 2007 (the day on which the shares were first quoted
ex-dividend).

Dividends payable in cash in sterling or Hong Kong dollars on 4 October 2007
will be converted from United States dollars at the forward exchange rates
quoted by HSBC Bank plc in London at or about 11.00am on 24 September 2007.
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 or made
available electronically on or about 29 August 2007, and elections must be
received by the Registrars by 19 September 2007.

R G Barber
Group Company Secretary
HSBC Holdings plc

Note to editors:

HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through around
10,000 offices in 83 countries and territories in Europe, the Asia-Pacific
region, the Americas, the Middle East and Africa. With assets of some US$2,150
billion at 30 June 2007, HSBC is one of the world's largest banking and
financial services organisations. HSBC is marketed worldwide as 'the world's
local bank'.







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