Director/PDMR Shareholding

HSBC Holdings PLC
11 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
       Y A Nasr, a person discharging managerial responsibilities, and L Nasr (spouse)

3      Description of shares (including class), debentures, derivatives or any other financial instruments
       relating to shares
       8.125% Perpetual Subordinated Capital Securities Exchangeable at the Issuer's Option into
       Non-Cumulative Dollar Preference Shares

4      State the nature of the transaction
       Purchase

5      Number of shares, derivatives or any other financial instruments relating to shares acquired
       20,600

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

7      Price per share
       US$25.90

8      Date and place of transaction
       9 April 2008, London

9      Date issuer informed of transaction
       10 April 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
       11 April 2008




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