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

       S T Gulliver, 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 120,755 shares to meet tax liability following the release of employee
       share plan awards over a total of 294,528 Shares and transfer of balance of 88,804 shares to S
       Gulliver and 84,969 shares to A F Gulliver, spouse of S T Gulliver.

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

       120,755
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

       6 March 2008




                      This information is provided by RNS
            The company news service from the London Stock Exchange