Director/PDMR Shareholding

HSBC Holdings PLC
26 June 2007



 NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
                            AND/OR CONNECTED PERSONS



This notification relates to a transaction notified in accordance with DTR 3.1.2
R and 3.1.4 R (1)(a)


1      Name of the issuer

       HSBC Holdings plc


2      Name of the person discharging managerial responsibilities or, where 
       applicable, the name of the person connected with a person discharging 
       managerial responsibilities

       Esmee Fairbairn Foundation, a trust of which J W J Hughes-Hallett, a 
       person discharging managerial responsibilities, is a trustee


3      Description of shares (including class), debentures, derivatives or any 
       other financial instruments relating to shares

       US$0.50 ordinary shares


4      State the nature of the transactions

       Disposals of non-beneficial interest as Trustee in shares held by the 
       Esmee Fairbairn Foundation


5      Number of shares, derivatives or any other financial instruments relating 
       to shares acquired

        N/A


6      Number of shares, derivatives or any other financial instruments relating 
       to shares disposed

         i) 192,880

         ii) 36,842


7      Price per share or value of transactions

       i)   £9.358738

       ii)  £9.35


8      Date and place of transactions

       i)   21 May 2007, London*

       ii)  23 May 2007, London*

       * PDMR became aware of these transactions on 25 June 2007


9      Date issuer informed of transactions

       25 June 2007


10     Total holding following notification

       1,838,007


11     Name of duly authorised officer/official of issuer responsible for making 
       notification

       Nicola Black, Assistant Secretary, 020 7991 2652


12     Date of notification

       26 June 2007




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