Share Option Plan

HSBC Holdings PLC
3 May 2002

HSBC HOLDINGS SAVINGS RELATED SHARE OPTION PLANS

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

Date       Number of Options over      Exercise Price       Exercise Period

2 May 2002      9,794,947                632.24p       1 August 2005 - 31 January 2006

               10,003,090                632.24p       1 August 2007 - 31 January 2008



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