Director/PDMR Shareholding

HSBC Holdings PLC
12 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
       B McDonagh, 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
       Acquisition / purchase of shares by Trustee in respect of an award of restricted shares under The
       HSBC Share Plan
5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       110,061
6      Number of shares, derivatives or any other financial instruments relating to shares disposed
       N/A
7      Price per share or value of transaction
       Nil
8      Date and place of transaction
       3 March 2008, London

       *PDMR became aware of the purchase of shares on 12 March 2008
9      Date issuer informed of transaction
       12 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
       12 March 2008




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