Director/PDMR Shareholding

HSBC Holdings PLC
18 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

       D J Flint, a person discharging managerial responsibilities and for 
       iii) D J Flint and his spouse Mrs F I L Flint

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

       i.     Acquisition / scrip dividend on conditional awards under 
              Restricted Share Plan and The HSBC Share Plan

       ii.    Acquisition /scrip dividend

       iii.   Acquisition / scrip dividend on shares held jointly with spouse in 
              The Soggs No. 1 Settlement Trust

       iv.    Acquisition / reinvestment of dividend on HSBC Holdings UK Share 
              Ownership Plan holding

       v.     Acquisition / reinvestment of dividend in ISAs

       vi.    Acquisition / reinvestment of dividend in PEP

       vii.   Acquisition / reinvestment of dividend in SC PEP


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

       i.    7,705

       ii.   779

       iii.  296

       iv.   14

       v.    25

       vi.   21

       vii.  10

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

       N/A

7      Price per share or value of transactions

       i, ii, iii) US$16.821


       iv)  £7.51

       v)   £7.515

       vi)  £7.525

       vii) £7.52

8      Date and place of transactions

       16 January 2008, London

9      Date issuer informed of transactions

       17 January 2008

10     Total holding following notification

       883,944

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

       Nicola Black, Assistant Secretary, 020 7991 2652

12     Date of notification

       18 January 2008




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