Director/PDMR Shareholding

HSBC Holdings PLC
11 May 2007


 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

     i)   Liberian Ebony Transports, Inc - corporate interest of H Sohmen, a 
          person discharging managerial responsibilities

     ii)  Tauro Company Limited - corporate interest of A Sohmen spouse of H 
          Sohmen, a person discharging managerial responsibilities

     iii) Skymark Company S.A. - corporate interest of A Sohmen spouse of H 
          Sohmen, a person discharging managerial responsibilities

     iv)  A Sohmen - spouse of H Sohmen, 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

     i)      44,402

     ii)     18,486

     iii)       449

     iv)      8,378

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$17.4801

8    Date and place of transactions

     10 May 2007, Hong Kong

9    Date issuer informed of transactions

     10 May 2007

10   Total holding following notification

     3,553,982

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

     Nicola Black, Assistant Secretary, 020 7991 2652

12   Date of notification

     11 May 2007



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