Director/PDMR Shareholding

HSBC Holdings PLC
02 April 2008

HSBC HOLDINGS PLC



Notification of transactions by Persons Discharging Managerial Responsibilities
pursuant to DTR3.1.4 R(1)(a)



The following Performance Share awards (TSR element) of HSBC Holdings plc
ordinary shares of US$0.50 each were made to Persons Discharging Managerial
Responsibility (PDMR) of HSBC Holdings plc on 27 May 2005 under the HSBC Share
Plan.  The performance test for this element of the awards was linked to the
attainment of pre-determined Total Shareholder Return targets.  The performance
test was not passed and the following awards were forfeited with effect from 2
April 2008:


Name of PDMR                      Awards of ordinary shares of US$0.50 forfeited


D J Flint                                                                 98,383
S K Green                                                                163,971
M F Geoghegan                                                            131,177
V H C Cheng                                                               45,913
C C R Bannister                                                           32,795
A A Flockhart                                                             32,795
S T Gulliver                                                              65,589
D H Hodgkinson                                                            26,236
D D J John                                                                27,876
B P McDonagh                                                              13,358
Y A Nasr                                                                  52,183
B Robertson                                                               17,710



As a consequence, the PDMRs will not receive the fourth interim dividend for
2007, which is payable on 7 May 2008, on these forfeited awards.



P A Stafford

Deputy Group Company Secretary

HSBC Holdings plc



2 April 2008


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