Director Shareholding

HSBC Hldgs PLC
30 October 2000




      NOTIFICATION OF DIRECTORS' SHARE INTERESTS IN HSBC HOLDINGS PLC

Interests in shares of HSBC Holdings plc arising under sections 324 and 328 of
the Companies Act 1985.

Following the acquisition of Credit Commercial de France (CCF) by HSBC Holdings
plc, outstanding options over CCF shares granted between 1994 and 1999 (for nil
consideration) have vested.  Options granted over CCF shares in 2000 will vest
in 2002.  On exercise of the options, the CCF shares issued will become
exchangeable for ordinary shares in HSBC Holdings plc (HSBC shares) in the same
ratio as for the acquisition of CCF - 13 HSBC for 1 CCF share.  The HSBC shares
are to be provided through a Trust, the Trustee of which is HSBC Trustee (C.I.)
Limited.

Mr C F W de Croisset, a director of HSBC Holdings plc and HSBC Bank plc
currently holds options over 196,000 CCF shares which he is obliged, upon
exercise, to exchange for 2,548,000 (196,000 x 13) HSBC shares.

As a beneficiary of the Trust, Mr de Croisset also has a technical interest in
all of the HSBC shares held by the Trust (including the HSBC shares which
corresponds to his option over CCF shares enumerated above) as follows:

 HSBC Holdings plc - Ordinary Shares US$0.50 each
 -------------------------------------------------

Date                  Nature of transaction by the trust      Consideration

13 - 24 October 2000* Acquisition by the Trust of 40,000,000  Average price per
                      HSBC shares of which 2,548,000 are      HSBC share of 
                      exchangeable for 196,000 CCF shares     954.2p
                      on exercise of Mr de Croisset's options

* Director was made aware of the transaction on 27 October 2000.