Director/PDMR Shareholding

HSBC Holdings PLC
23 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

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 transaction

       Award of options under 2007 HSBC Savings Related Share Option Plan, 
       notified to the PDMR on 6 July 2007.

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

       2,310

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

       N/A

7      Price per share or value of transaction

       £7.0872

8      Date and place of transaction

       Award date: 25 April 2007, London. First Savings Contribution made: 
       20 July 2007.

9      Date issuer informed of transaction

       20 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

       23 July 2007


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