Director Shareholding

HSBC Holdings PLC
23 April 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

HSBC Holdings plc

2) Name of director

S K Green

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

In respect of the Director

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

In respect of the Director

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Grant of Option under the HSBC Holdings Savings-Related Share Option Plan

7) Number of shares/amount of stock acquired

8) Percentage of issued class

9) Number of shares/amount of stock disposed

10) Percentage of issued class


11) Class of security


12) Price per share


13) Date of transaction


14) Date company informed


15) Total holding following this notification


16) Total percentage holding of issued class following this notification


If a director has been granted options by the company please complete the
following boxes

17) Date of grant

23 April 2003


18) Period during which or date on which exercisable

01.08.2008 - 31.01.2009

19) Total amount paid (if any) for grant of the option

Nil


20) Description of shares or debentures involved: class, number

3,070 Ordinary Shares of US$0.50 each


21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise

534.96p

22) Total number of shares or debentures over which options held
following this notification

3,070


23) Any additional information


24) Name of contact and telephone number for queries

Kalpna Dubasia, Company Secretarial Assistant, 020 7991 0592

25) Name and signature of authorised company official responsible for
making this notification

As in 24) above


Date of Notification 23 April 2003


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