Director/PDMR Shareholding

HSBC Holdings PLC
05 March 2008

 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 Almeida, 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

       Disposal/Sale of a total of 18,100 shares to meet tax liability following 
       the release of employee share plan awards over a total of 44,149 shares 
       and transfer of balance of 26,049 shares to A Almeida.

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

       Nil

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

       18,100

7      Price per share or value of transactions

       £7.66

8      Date and place of transactions

       3 March 2008, London

9      Date issuer informed of transactions

       5 March 2008

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

       Nicola Black, Assistant Secretary, 020 7991 2652

11     Date of notification

       5 March 2008




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