Director Shareholding

HSBC Holdings PLC 3 May 2002 Date of notification : 3 May 2002 -------------------------------------------------------------------------------- NOTIFICATION OF DIRECTORS' SHARE INTERESTS IN HSBC HOLDINGS PLC Interests in shares of HSBC Holdings plc ("the Company") 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 (for nil consideration) have vested. 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 shares for 1 CCF share. The HSBC shares are to be provided through the HSBC Holdings General Employee Benefit Trust (the 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 186,000 CCF shares which he is obliged, upon exercise, to exchange for 2,418,000 (186,000 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 correspond to his options over CCF shares enumerated above) as follows: HSBC Holdings plc - Ordinary Shares US$0.50 each Date of transaction Nature of transaction by the Trust Consideration Transfer by Trust of: 3 May 2002 13,000 HSBC shares to an individual exercising options over 13 HSBC shares for each 1,000 shares. CCF share At 3 May 2002 the Trust held a total of 38,587,875 HSBC shares. Peter Harvey 020 7260 0126 (Extn. 50126) This information is provided by RNS The company news service from the London Stock Exchange
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