Director/PDMR Shareholding

HSBC Holdings PLC
08 October 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
       A A Flockhart, a person discharging managerial responsibilities

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
       Acquisition /scrip dividend

5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       i) 1,087

       ii) 161

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

7      Price per share or value of transactions
       US$17.5483

8      Date and place of transactions

       i)  4 October 2007, London

       ii) 4 October 2007, Hong Kong

9      Date issuer informed of transactions

       5 October 2007

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

       Nicola Black, Assistant Secretary, 020 7991 2652

11     Date of notification

       8 October 2007




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