Director/PDMR Shareholding

HSBC Holdings PLC
21 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

       M F Geoghegan, 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) Acquisition / scrip dividend on conditional awards under Restricted 
       Share Plan and The HSBC Share Plan

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

       i) 2,286

       ii) 11,361

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, London

9      Date issuer informed of transactions

       21 January 2008

10     Total holding following notification

       1,523,127

11     Name of duly authorised officer/official of issuer responsible for making 
       notification

       Nicola Black, Assistant Secretary, 020 7991 2652

12     Date of notification

       21 January 2008





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