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

       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

       Release of 2005 Performance Share award (EPS element) of 26,235 shares 
       under the HSBC Share Plan and subsequent transfer into the name of 
       D H Hodgkinson

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

       26,235

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

       N/A

7      Price per share or value of transactions

       Nil

8      Date and place of transactions

       1 April 2008, London

9      Date issuer informed of transactions

       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




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