Director/PDMR Shareholding

HSBC Holdings PLC
12 October 2005

                                  SCHEDULE 11

NOTIFICATION OF INTERESTS OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR
                               CONNECTED PERSONS



1. Name of the issuer

HSBC Holdings plc

2. Name of person discharging managerial responsibilities

Siddharth N Mehta

3. Name of connected person (if applicable to this transaction)

4. This notification relates to a transaction notified in accordance with DR
3.1.4R(1)(a)

5. Description of shares (including class) or derivatives or other financial
instruments relating to the shares of HSBC Holdings plc

Ordinary shares of US$0.50 each

6. State the nature of the transaction

Acquisition / scrip dividend automatically received on conditional awards held
in an Employee Benefit Trust

7. Number of shares, derivatives or financial instruments relating to shares
acquired

8,668

8. Number of shares, derivatives or financial instruments relating to shares
disposed

9. Price per share or value of transaction

US$16.2305

10. Date and place of transaction

5 October 2005, London

11. Date issuer informed of transaction

12 October 2005 (the PDMR was made aware of this transaction on 11 October 2005)

Name of contact and telephone number for queries

N S Black, Assistant Secretary 020 7991 2652

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

As above

Date of notification

12 October 2005


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