Director/PDMR Shareholding

HSBC Holdings PLC
18 January 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
       The Baroness Dunn, 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
       Acquisition / scrip dividend

5      Number of shares, derivatives or any other financial instruments relating 
       to shares acquired
       506

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

7      Price per share or value of transactions
       US$16.821

8      Date and place of transactions
       16 January 2008, Hong Kong

9      Date issuer informed of transactions
       17 January 2008

10     Total holding following notification
       184,170

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

12     Date of notification
       18 January 2008




                      This information is provided by RNS
            The company news service from the London Stock Exchange