Directors' Dealings

HSBC Hldgs PLC
20 March 2000


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

HSBC HOLDINGS PLC

2)  NAME OF DIRECTOR

FLINT, D J

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

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)

TURNSONIC (NOMINEES) LIMITED                        2,144
D J FLINT                                           3,193
HSBC TRUSTEE (C.I.) LIMITED                        94,888*

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

CONDITIONAL AWARD UNDER RESTRICTED SHARE PLAN - BENEFICIAL INTEREST

7)  Number of shares/amount of
    stock acquired

31,244*

8)   (    % )
    of issued Class

DE MINIMIS

9)  Number of shares/amount
    of stock disposed



10)  (    % )
   of issued Class

11) Class of security

ORDINARY SHARES OF US$0.50 EACH

12) Price per share

£7.20138

13) Date of transaction

10 MARCH 2000

DIRECTOR WAS MADE AWARE OF THE TRANSACTION ON 20 MARCH 2000

14) Date company informed

20 MARCH 2000

15) Total holding following this notification

100,225 ORDINARY SHARES OF US$0.50 EACH

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

P A STAFFORD, ASSISTANT SECRETARY     0207 260 3270

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

    Date of Notification....20 MARCH 2000..............


                       DEALINGS BY DIRECTORS


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 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

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)

TURNSONIC (NOMINEES) LIMITED                        5,910
HSBC NOMINEES (HONG KONG) LIMITED                  52,409
HSBC TRUSTEE (C.I.) LIMITED                       179,856*

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

CONDITIONAL AWARD UNDER RESTRICTED SHARE PLAN - BENEFICIAL INTEREST

7)  Number of shares/amount of
    stock acquired

76,375*

8)   (    % )
    of issued Class

DE MINIMIS

9)  Number of shares/amount
    of stock disposed



10)  (    % )
   of issued Class

11) Class of security

ORDINARY SHARES OF US$0.50 EACH

12) Price per share

£7.20138

13) Date of transaction

10 MARCH 2000

DIRECTOR WAS MADE AWARE OF THE TRANSACTION ON 20 MARCH 2000

14) Date company informed

20 MARCH 2000

15) Total holding following this notification

238,175 ORDINARY SHARES OF US$0.50 EACH

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

P A STAFFORD, ASSISTANT SECRETARY         0207 260 3270

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

    Date of Notification..20 MARCH 2000.......................