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
       C C R Bannister, 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 68,948 shares to meet the tax liability following the release of an employee share
       plan award over a total of 168,167 shares and transfer of balance of 99,219 shares to C C R Bannister

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
       68,948

7      Price per share or value of transaction
       £7.66

8      Date and place of transaction
       3 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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