Director/PDMR Shareholding

HSBC Holdings PLC
02 April 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

       Release of 2005 Performance Share award (EPS element) of 32,794 shares 
       under the HSBC Share Plan. The trustees of the Plan sold 3,420 shares to 
       meet the tax liability and have transferred 29,374 shares to 
       A A Flockhart.

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

       Acquisition of 29,374 shares from release of 2005 Performance Share award 
       (EPS element) under the HSBC Share Plan

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

       3,420

7      Price per share of shares sold

       £8.55862

8      Date and place of transaction

       1 April 2008, London

9      Date issuer informed of transaction

       2 April 2008

10     Name of duly authorised officer/official of issuer responsible for making 
       notification

       Paul Stafford, Deputy Group Company Secretary, 020 7992 1509

11     Date of notification

       2 April 2008




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