Group Share Option Plan

HSBC Holdings PLC
3 September 2001


HSBC HOLDINGS GROUP SHARE OPTION PLAN

The following grant of options was made under the HSBC Holdings Group Share 
Option Plan by HSBC Holdings plc:

Scheme        Date      Number of Options over  Exercise Price  Exercise Period 
                        Ordinary Shares of
                        US$0.50

HSBC Holdings 30 August  383,505                 £8.228         30 August 2004- 
Group Share   2001                                              30 August 2011 
Option Plan