Director/PDMR Shareholding

HSBC Holdings PLC
11 July 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

       S W Newton, a person discharging managerial responsibilities and Sussex 
       Research Limited (corporation controlled by S W Newton)

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

       ii) Acquisition / scrip dividend by corporation controlled by director

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

       i)  54

       ii) 461

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$18.4375

8      Date and place of transactions
       5 July 2007, London

9      Date issuer informed of transactions
       10 July 2007

10     Total holding following notification
       56,308

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 July 2007




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