Director/PDMR Shareholding

HSBC Holdings PLC
12 July 2006

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

1. Name of the issuer

HSBC Holdings plc

2. State whether the notification relates to a:

i. transaction notified in accordance with DR 3.1.4R(1)(a); or

ii. DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

iii. Both (i) and (ii):

In respect of (iii) above

3. Name of person discharging managerial responsibilities/director

D J Flint, Director

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

In respect of D J Flint, Director and his spouse Mrs F I L Flint.

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

In respect of D J Flint, a Director (6,591 shares) and jointly D J Flint, a
Director and his spouse Mrs F I L Flint (235 shares)

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

US$0.50 ordinary shares

7. Name of registered shareholder(s) and, if more than one, the number of shares
held by each of them

Turnsonic Nominees Limited 4,913
Abacus Corporate Trustee Limited 703,623
Computershare Trustees Limited Account SIP 931
D J Flint 70,429
D J Flint & F I L Flint A/C Soggs1 27,732

8. State the nature of the transactions

i.    Acquisition / scrip dividend on conditional awards under Restricted Share
Plan and The HSBC Share Plan (5,949 shares)

ii.   Acquisition /scrip dividend (595 shares)

iii.  Acquisition / scrip dividend on shares held jointly with spouse The Soggs
No. 1 Settlement Trust (235 shares)

iv.   Acquisition / reinvestment of dividend on HSBC Holdings UK Share Ownership
Plan holding (8 shares)

v.    Acquisition / reinvestment of dividend on ISA (16 shares)

vi.   Acquisition / reinvestment of dividend on PEP (15 shares)

vii.  Acquisition / reinvestment of dividend on SCP (8 shares)

9. Number of shares, debentures or financial instruments relating to shares
acquired

i.    5,949 shares

ii.   595 shares

iii.  235 shares (jointly held)

iv.   8 shares

v.    16 shares

vi.   15 shares

vii.  8 shares

10. Percentage of issued class acquired

De minimis

11. Number of shares, debentures or financial instruments relating to shares
disposed

12. Percentage of issued class disposed

13. Price per share or value of transaction

i, ii, iii - US$17.5938

iv - £9.585

v - £9.64

vi, vii - £9.645

14. Date and place of transactions

6 July 2006, London

15. Total holding following notification and total percentage holding following
notification

807,628

Total percentage: 0.01 per cent

16. Date issuer informed of transactions

12 July 2006

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17. Date of grant

18. Period during which or date on which exercise can be exercised

19. Total amount paid (if any) for grant of the option

20. Description of shares or debentures involved (class and number)

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

22. Total number of shares or debentures over which options held following
notification

23. Any additional information

Nicola Black, Assistant Secretary, 020 7991 2652

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

As above

Date of notification

12 July 2006


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