Director/PDMR Shareholding

HSBC Holdings PLC
17 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

       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 transaction

       Disposal 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

       107,161

7      Price per share or value of transaction

       £8.8388

8      Date and place of transaction

       17 September 2007, London

       * PDMR became aware of this transaction on 17 October 2007

9      Date issuer informed of transaction

       17 October 2007

10     Total holding following notification

       554,435

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

       Nicola Black, Assistant Secretary, 020 7991 2652

12     Date of notification

       17 October 2007




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