Director/PDMR Shareholding

HSBC Holdings PLC
11 January 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
       W S H Laidlaw, 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)                 A beneficial interest, held on date of appointment as a Director of HSBC Holdings
       plc on 1 January 2008.

       ii)              A non-beneficial interest as a Trustee of The Late Lord Southborough's Will Trust,
       held on date of appointment as a Director of HSBC Holdings plc on 1 January 2008.

5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       i)                 20,000

       ii)              4,500

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

7      Price per share or value of transaction
       N/A

8      Date and place of transaction
       Held on appointment (1 January 2008)

9      Date issuer informed of transaction
       10 January 2008

10     Total holding following notification
       24,500

11     Name of duly authorised officer/official of issuer responsible for making notification
       Nicola Black, Assistant Secretary, 020 7991 2652

12     Date of notification
       11 January 2008




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