Director Shareholding

HSBC Holdings PLC 31 October 2003 Date of notification : 31 October 2003 -------------------------------------------------------------------------------- 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 CCF S.A. ("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 are 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 30 October 2003 Transfer by Trust of 110,500 HSBC shares to individuals 13 HSBC shares for each exercising options over 8,500 CCF shares. CCF share 31 October 2003 Transfer by Trust of 29,250 HSBC shares to individuals 13 HSBC shares for each exercising options over 2,250 CCF shares. CCF share At 31 October 2003 the Trust held a total of 33,697,873 HSBC shares. Heather Nicol, Company Secretarial Assistant 020 7992 1505 This information is provided by RNS The company news service from the London Stock Exchange
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