Director/PDMR Shareholding

HSBC Holdings PLC
11 July 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

John J Studzinski

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

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

12,914

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

9. Price per share or value of transaction

US$15.8448

10. Date and place of transaction

6 July 2005, London

11. Date issuer informed of transaction

11 July 2005

Name of contact and telephone number for queries

P A Stafford 020 7992 1509

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

As above

Date of notification

11 July 2005


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