Share Option Plan

HSBC Hldgs PLC
17 April 2001


HSBC HOLDINGS SAVINGS-RELATED SHARE OPTION PLAN

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

Scheme:               HSBC Holdings Savings-Related Share Option Plan

Date:                 11 April 2001

Number of Options
over Ordinary 
Shares of US$0.50:    28,831,641

Exercise Price £:     675.36p

Exercise Period:      3 year grant
                      1 August 2004 - 31 January 2005

                      5 year grant
                      1 August 2006 - 31 January 2007