Director Shareholding

HSBC Holdings PLC
10 May 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

HSBC Holdings plc

2) Name of director

Sir John Bond

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 bonds held by each of them (if notified)

Turnsonic Nominees Limited 8,001
HSBC Nominees (Hong Kong) Limited 62,831
Abacus Corporate Trustees Limited 726,757
Computershare Trustees Limited Account SIP 493
HSBC Private Banking Nominee 1 (Jersey) Limited 101,562
Sir John Bond 276,591


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 and his spouse


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

i. Acquisition/reinvestment of dividend on PEP/ISAs (Director 67 shares) (Spouse
53 shares)

ii. Acquisition/scrip dividend on conditional awards under Restricted Share Plan
(11,404 shares)

iii. Acquisition/scrip dividend (1,593 shares)


7) Number of shares/amount of stock acquired

13,117


8) Percentage of issued class

De minimis


9) Number of shares/amount of stock disposed


10) Percentage of issued class


11) Class of security

Ordinary shares of US$0.50 each


12) Price per share

i. £8.245
ii. US$15.0552
iii. US$15.0552

13) Date of transaction

5 May 2004


14) Date company informed

10 May 2004 (Director was made aware of the transactions on 10 May 2004)

15) Total holding following this notification

1,176,235

16) Total percentage holding of issued class following this notification

De minimis

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

17) Date of grant

18) Period during which or date on which exercisable

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

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

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

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

23) Any additional information

24) Name of contact and telephone number for queries

Robert Musgrove, Assistant Secretary 020 7992 1504


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

As in 24) above


Date of Notification 10 May 2004


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