Director/PDMR Shareholding

HSBC Holdings PLC
15 September 2006


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

Mr Youssef A Nasr

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 transaction

a.      Acquisition / exercise of options under HSBC Holdings Executive Share
Option Scheme.

b.      Disposal / sale of shares to fund the exercise of options and associated
tax liability.

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

a.    62,500

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

b.    45,257

9. Price per share or value of transaction

a.    17,500 shares at £5.0160 each and 45,000 shares at £6.2767 each

b.    GBP 9.53 and 9.54 price on date of sale

10. Date and place of transaction

15 September 2006, London

11. Date issuer informed of transaction

15 September 2006

Name of contact and telephone number for queries

N S Black 020 7991 2652

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

As above

Date of notification

15 September 2006


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