Director/PDMR Shareholding

HSBC Holdings PLC
10 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
       D J Flint, a person discharging managerial responsibilities and for iii) D J Flint and his spouse Mrs
       F I L Flint
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 on conditional awards under Restricted Share Plan and The HSBC
       Share Plan

       ii.    Acquisition /scrip dividend

       iii.   Acquisition / scrip dividend on shares held jointly with spouse in The Soggs No. 1 Settlement
       Trust

       iv.    Acquisition / reinvestment of dividend on HSBC Holdings UK Share Ownership Plan holding

       v.     Acquisition / reinvestment of dividend in ISA/PEPs
5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       i.    6,897

       ii.   674

       iii.  265

       iv.   10

       v.    45
6      Number of shares, derivatives or any other financial instruments relating to shares disposed
       N/A
7      Price per share or value of transactions
       i, ii, iii) US$18.4375

       iv) £9.095

       v) £9.09
8      Date and place of transactions
       5 July 2007, London
9      Date issuer informed of transactions
       10 July 2007
10     Total holding following notification
       864,029
11     Name of duly authorised officer/official of issuer responsible for making notification
       Nicola Black, Assistant Secretary, 020 7991 2652
12     Date of notification
       10 July 2007




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