Director/PDMR Shareholding

HSBC Holdings PLC
04 April 2008


HSBC HOLDINGS PLC


Notification of transactions by Persons Discharging Managerial Responsibilities
pursuant to DTR3.1.4 R(1)(a)


The following Performance Share awards of HSBC Holdings plc ordinary shares of
US$0.50 each were made to Persons Discharging Managerial Responsibility (PDMR)
of HSBC Holdings plc on 5 March 2003 under the HSBC Holdings Restricted Share
Plan 2000.  The performance test of the awards was linked to the attainment of
pre-determined Total Shareholder Return targets.  The performance test was not
passed and the following awards were forfeited with effect from 4 April 2008:


Name of PDMR                      Awards of ordinary shares of 
                                  US$0.50 forfeited


V H C Cheng                                             55,028
D J Flint                                              137,568
S K Green                                              137,568
M F Geoghegan                                           64,200
A Almeida                                               22,481
C C R Bannister                                         45,858
A A Flockhart                                           27,514
S T Gulliver                                            55,028
D H Hodgkinson                                          16,861
D D J John                                              45,858
B P McDonagh                                            17,899
Y A Nasr                                                82,542
B Robertson                                             18,733



As a consequence, the PDMRs will not receive the fourth interim dividend for
2007, which is payable on 7 May 2008, on these forfeited awards.



P A Stafford
Deputy Group Company Secretary
HSBC Holdings plc



4 April 2008


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