Director/PDMR Shareholding

HSBC Holdings PLC
02 April 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
       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
       Release of 2005 Performance Share award (EPS element) of 98,382 shares under the HSBC Share Plan. The
       trustees of the Plan sold 40,336 shares to meet the tax liability and have sold 58,046 shares on
       behalf of D J Flint.
5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       N/A
6      Number of shares, derivatives or any other financial instruments relating to shares disposed
       98,382
7      Price per share of shares sold
       £8.558621
8      Date and place of transaction
       1 April 2008, London
9      Date issuer informed of transaction
       2 April 2008
10     Total holding following notification
       785,610
11     Name of duly authorised officer/official of issuer responsible for making notification
       Paul Stafford, Deputy Group Company Secretary, 020 7992 1509
12     Date of notification
       2 April 2008




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