Director/PDMR Shareholding

HSBC Holdings PLC
15 March 2006

                                  SCHEDULE 11

     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)

3. Name of person discharging managerial responsibilities/director

Sir John Bond

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 Sir John Bond, a Director

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 Sir John Bond, a Director

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

Ordinary shares of US$0.50 each

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

Turnsonic Nominees Limited 8,500
HSBC Nominees (Hong Kong) Limited 62,831
Abacus Corporate Trustees Limited 1,066,139
Computershare Trustees Limited Account SIP 856
HSBC Private Banking Nominee 1 (Jersey) Limited 108,719
Sir John Bond 330,909
James Capel (Nominees) Limited 58,329

8. State the nature of the transaction

i)   Disposed upon release of 2001 award under HSBC Holdings
Restricted Share Plan sale of shares to meet tax liability

ii)  Termination of an interest in one share following release of 2001
award under the HSBC Holdings Restricted Share Plan

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

10. Percentage of issued class acquired

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

i)   37,745 Shares

ii)  1 Share

12. Percentage of issued class disposed

De minimis

13. Price per share or value of transactions

i)   £9.9264

ii)  Nil

14. Date and place of transactions

13 March 2006, London

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

1,636,283 (0.01%)

16. Date issuer informed of transaction

15 March 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

Name of contact and telephone number for queries

Nicola Black, Assistant Secretary, 020 7991 2652

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

As above

Date of notification

15 March 2006




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