Director/PDMR Shareholding

HSBC Holdings PLC
24 March 2006

                                  SCHEDULE 11

NOTIFICATION OF INTERESTS OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR
                               CONNECTED PERSONS



1. Name of the issuer

HSBC Holdings plc

2. Name of person discharging managerial responsibilities

Charles-Henri Filippi

3. Name of connected person (if applicable to this transaction)

N/A

4. This notification relates to a transaction notified in accordance with DR
3.1.4R(1)(a)

5. Description of shares (including class) or derivatives or other financial
instruments relating to the shares of HSBC Holdings plc

Ordinary shares of US$0.50 each

6. State the nature of the transactions

Awards under The HSBC Share Plan

7. Number of shares, derivatives or financial instruments relating to shares
acquired

106,408

8. Number of shares, derivatives or financial instruments relating to shares
disposed

9. Price per share or value of transaction

Nil

10. Date and place of transaction

21 March 2006, London

11. Date issuer informed of transaction

23 March 2006

Name of contact and telephone number for queries

P A Stafford 020 7992 1509

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

As above

Date of notification

24 March 2006


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