Director Shareholding

HSBC Holdings PLC
23 August 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1. Name of company

HSBC Holdings plc


2. Name of director

Dr H Sohmen


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 a corporate interest of the director's spouse


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

Tauro Company Limited


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

Mrs Anna Pui-Hing Sohmen - Corporate interest - Tauro Company Limited


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

Redemption of HSBC Bank plc Floating Rate Note 20/08/2009 (corporate interest)


7. Number of shares / amount of stock acquired



8. Percentage of issued class



9. Number of shares/amount of stock disposed

US$3,000,000 in nominal value


10. Percentage of issued class

0.0008 per cent


11. Class of security

HSBC Bank plc Floating Rate Note 20/08/2009


12. Price per share

US$1,000 per US$1,000 in nominal value


13. Date of transaction

20 August 2004


14. Date company informed

23 August 2004


15. Total holding following this notification

Nil


16. Total percentage holding of issued class following this notification

Nil


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

Nicola Black, Assistant Secretary - 020 7991 2652


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

Nicola Black, Assistant Secretary, HSBC Holdings plc


Date of Notification

23 August 2004


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