Directors' Dealings

HSBC Hldgs PLC
14 February 2000

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

HSBC HOLDING PLC

2)  NAME OF DIRECTOR

SIR ADRIAN SWIRE

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

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)

CRICKET NOMINEES LIMITED               356,000
THE SWIRE EDUCATIONAL TRUST             24,000     

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

ROYAL AIR FORCE BENEVOLENT FUND (CRICKET NOMINEES LIMITED)

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

DISPOSAL OF NON-BENEFICIAL INTEREST AS TRUSTEE

7)  Number of shares/amount of
    stock acquired



8)   (    % )
    of issued Class

9)  Number of shares/amount
    of stock disposed

       20,220 (1)
        2,497 (2)
        7,510 (3)
       14,773 (4)

10)  (    % )  DE MINIMIS
   of issued Class

11) Class of security

       ORDINARY SHARES OF US$0.50 EACH

12) Price per share

       £7.248163 (1)
       £7.25     (2)
       £7.305    (3)
       £7.441245 (4)

13) Date of transaction

       19 JANUARY 2000  (1)
       21 JANUARY 2000  (2)
       24 JANUARY 2000  (3)
       27 JANUARY 2000  (4)

14) Date company informed

       14 FEBRUARY 2000 (DIRECTOR WAS NOTIFIED ON 14 FEBRUARY 2000)

15) Total holding following this notification

       380,000 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      0171 260 3270

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

    Date of Notification.....14 FEBRUARY 2000........................