Director/PDMR Shareholding

HSBC Holdings PLC
06 October 2006




NOTIFICATION OF INTERESTS OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR
                               CONNECTED PERSONS


1. Name of the issuer

HSBC Holdings plc


2. Name of person discharging managerial responsibilities

Mr S T Gulliver


3. Name of connected person (if applicable to this transaction)

Mr J Gulliver (son)


4. This notification relates to a transaction notified in accordance with DR
3.1.4R(1)(a)




5. Description of shares (including class) or derivatives or other financial
instruments relating to the shares of HSBC Holdings plc

US$0.50 ordinary shares


6. State the nature of the transaction

Acquisition / scrip dividend


7. Number of shares, derivatives or financial instruments relating to shares
acquired

4 shares in respect of Mr J Gulliver


8. Number of shares, derivatives or financial instruments relating to shares
disposed


9. Price per share or value of transaction

US$17.9844


10. Date and place of transaction

4 October 2006, London


11. Date issuer informed of transaction

6 October 2006


Name of contact and telephone number for queries

Nicola Black, Assistant Secretary, 020 7991 2652


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

As above


Date of notification

6 October 2006




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