Director/PDMR Shareholding

HSBC Holdings PLC
09 May 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
       B Robertson, 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
       i)                Acquisition / Scrip dividend

       ii)            Release of 2005 Performance Share award (EPS element) of 421 shares under the HSBC
       Share Plan, representing the scrip dividend on the fourth interim dividend for 2007. The trustees of
       the Plan sold 172 shares to meet the tax liability and have transferred 249 to B Robertson

5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       i)                2,192

       ii)               421

6      Number of shares, derivatives or any other financial instruments relating to shares disposed
       i)                N/A

       ii)               172

7      Price per share or value of transactions
       i)                US$16.4022

       ii)               £8.885

8      Date and place of transactions
       7 May 2008, London

9      Date issuer informed of transactions
       9 May 2008

10     Name of duly authorised officer/official of issuer responsible for making notification
       Nicola Black, Assistant Secretary, 020 7991 2652

11     Date of notification
       9 May 2008




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