Director/PDMR Shareholding

HSBC Holdings PLC
15 May 2007

 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 H Hodgkinson, 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
       Acquisition /scrip dividend
5      Number of shares, derivatives or any other financial instruments relating 
       to shares acquired
       348
6      Number of shares, derivatives or any other financial instruments relating 
       to shares disposed
       N/A
7      Price per share or value of transactions
       US$17.4801
8      Date and place of transactions
       10 May 2007, London
9      Date issuer informed of transactions
       15 May 2007
10     Name of duly authorised officer/official of issuer responsible for making 
       notification
       Nicola Black, Assistant Secretary, 020 7991 2652
11     Date of notification
       15 May 2007




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