Director/PDMR Shareholding

HSBC Holdings PLC
06 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 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 transaction

       i) Acquisition / exercise of executive share options awarded in

       1998

       ii) Disposal/Sale of a total of 18,515 shares and transfer of balance of 
           3,985 shares to A A Flockhart.

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

       22,500

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

       18,515

7      Price per share or value of transaction
       i)             £6.2767

       ii)            £7.773472

8      Date and place of transaction

       4 March 2008, London

9      Date issuer informed of transaction

       6 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

       6 March 2008




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