Securities (Disclosure of Interests) Daily Summaries
 
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 07/07/99  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : HSBC Holdings                  (0005)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 GREEN STEPHEN KEITH                    G  ORD 75P (GBP)    HSBC HOLDINGS PLC                           8,072    121096-121003        7.218                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          12,108    080397-080304        8.513                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          15,000    070398-070305        6.518                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                           1,879    010801-310102        9.177                0

                                        G  ORD 75P (GBP)    HSBC HOLDINGS PLC                          15,000    010499-010406       10.000                0

 STOCK NAME : Shangri-la Asia                (0069)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 ANGELINI GIOVANNI                      G  ORD              SHANGRI-LA ASIA LTD.                      150,000    010599-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      150,000    010500-300408        8.000                1

                                        G  ORD              SHANGRI-LA ASIA LTD.                      150,000    010501-300408        8.000                1

 STOCK NAME : Shun Tak Hold                  (0242)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 HO CHIU FUNG DAISY                     G  OPT              SHUN TAK HOLDINGS LTD.                  2,700,000    240395-230305        3.480                1

 HO CHIU KING PANSY                     G  OPT              SHUN TAK HOLDINGS LTD.                  2,500,000    240395-230305        3.480                1
                                                        SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES                             PRINTED: 07/07/99  PAGE:   2
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Smartone Tele                  (0315)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------
 NORDSTROM BROR BENGT VILHEM            G  ORD              SMARTONE TELECOMMUNICATIONS HO-            75,000    140498-130405       20.600                1
                                                            LDINGS LTD                    

                                        E  ORD              SMARTONE TELECOMMUNICATIONS HO-            20,000           -              -                   0
                                                            LDINGS LTD                    

                                                                     *****  END OF REPORT  *****


NOTES:


N1   Disposal of 310,000,000 shares at HK$0.216 each pursuant to
     a Placing Agreement dated 26 June 1999 entered by Charcon
     Assets Limited, the Placing Agents, Sub-placing Agent and
     Pearl Oriental Holdings Limited.

N2   Consideration per unit : 91.50%

N3   Consideration per unit : Eruo 99.035 per Euro 100 Nominal

N4   Declaration of interests subsisting on 2 July 1999 in the
     securities of Hang Seng Bank Limited/HSBC Holdings plc and
     other associated corporations following the exchange of
     each ordinary share of 75p and HK$10 in HSBC Holdings plc
     for 1 new ordinary share of US$1.50 each and the subsequent
     sub-division of each ordinary share of US$1.50 each into 3
     new ordinary shares of US$0.50 each.

N5   Exercise of share option

N6   Being appointed as director of Shangri-la Asia Limited on
     30 June 1999.

N7   Scrip Dividend

N8   Disposals were made from 30/06/99 to 05/07/99 at prices
     ranging from $0.40 to $0.42 per share.