Directors' Dealings

HSBC HOLDINGS PLC


                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

HSBC HOLDINGS PLC

2)   NAME OF DIRECTOR

W R P DALTON

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

NOTIFICATION 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)

HSBC TRUSTEE (C.I.) LIMITED                       95,582

HONGKONG & SHANGHAI BANKING CORPORATION
(NOMINEES) LIMITED                                 3,798

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

AS IN 3 ABOVE

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

SCRIP DIVIDEND

7)   Number of shares/amount of
     stock acquired

1,080

8)   (DE MINIMIS%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

US$0.50 ORDS

12)  Price per share

£7.485 (US$12.1107)

13)  Date of transaction

7 OCTOBER 1999

14)  Date company informed

11 OCTOBER 1999

15)  Total holding following this notification

99,380

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

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

R H MUSGROVE
ASSISTANT SECRETARY
0171 260 0375

25)  Name and signature of authorised company official
     responsible for making this notification
AS IN 24 ABOVE
     Date of Notification.....11 OCTOBER 1999...........




                            DEALINGS BY DIRECTORS

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 Director named in 2 above
     or holding of that person's spouse or children under
     the age of 18 or in respect of a non-beneficial interest

NOTIFICATION 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)

HSBC TRUSTEE (C.I.) LIMITED                       70,339
TRINKAUS NOMINEE                                  13,030

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

AS IN 3 ABOVE

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

SCRIP DIVIDEND

7)   Number of shares/amount of
     stock acquired

906

8)   (DE MINIMIS%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

US$0.50 ORDS

12)  Price per share

£7.485 (US$12.1107)

13)  Date of transaction

7 OCTOBER 1999

14)  Date company informed

8 OCTOBER 1999

15)  Total holding following this notification

83,369

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

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

R H MUSGROVE
ASSISTANT SECRETARY
0171 260 0375

25)  Name and signature of authorised company official
     responsible for making this notification
AS IN 24 ABOVE
     Date of Notification.....11 OCTOBER 1999...........




                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

HSBC HOLDINGS PLC

2)   NAME OF DIRECTOR

SIR BRIAN MOFFAT

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

NOTIFICATION IN RESPECT OF THE DIRECTOR'S SPOUSE - J M MOFFAT

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

J M MOFFAT                        5,289

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

AS IN 3 ABOVE

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

SCRIP DIVIDEND

7)   Number of shares/amount of
     stock acquired

57

8)   (DE MINIMIS%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

US$0.50 ORDS

12)  Price per share

£7.485 (US$12.1107)

13)  Date of transaction

7 OCTOBER 1999

14)  Date company informed

8 OCTOBER 1999

15)  Total holding following this notification

5,289

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

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

R H MUSGROVE
ASSISTANT SECRETARY
0171 260 0375

25)  Name and signature of authorised company official
     responsible for making this notification
AS IN 24 ABOVE
     Date of Notification.....11 OCTOBER 1999...........




                            DEALINGS BY DIRECTORS

1)   NAME OF COMPANY

HSBC HOLDINGS PLC

2)   NAME OF DIRECTOR

K R WHITSON

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

NOTIFICATION 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)

HSBC TRUSTEE (C.I.) LIMITED                       83,261

HONGKONG & SHANGHAI BANKING CORPORATION
(NOMINEES) LIMITED                                 5,598

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

AS IN 3 ABOVE

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

SCRIP DIVIDEND

7)   Number of shares/amount of
     stock acquired

964

8)   (DE MINIMIS%)
    of issued Class

9)   Number of shares/amount
     of stock disposed

N/A

10)  ( N/A %)
    of issued Class

11)  Class of security

US$0.50 ORDS

12)  Price per share

£7.485 (US$12.1107)

13)  Date of transaction

7 OCTOBER 1999

14)  Date company informed

11 OCTOBER 1999

15)  Total holding following this notification

88,859

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

N/A

18)  Period during which or date on which exercisable

N/A

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

N/A

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

N/A

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

N/A

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

N/A

23)  Any additional information

N/A

24)  Name of contact and telephone number for queries

R H MUSGROVE
ASSISTANT SECRETARY
0171 260 0375

25)  Name and signature of authorised company official
     responsible for making this notification
AS IN 24 ABOVE
     Date of Notification.....11 OCTOBER 1999...........