Director/PDMR Shareholding

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) - iii) A A Flockhart, 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

i) Acquisition / scrip dividend

ii) Acquisition / scrip dividend on conditional awards under the HSBC Share Plan

iii) Release of 2005 Performance Share award (EPS element) of 779 shares under the HSBC Share Plan, representing the scrip dividend on the fourth interim dividend for 2007. The trustees of the Plan sold 164 shares to meet the tax liability and have transferred 615 to A A Flockhart. 

5

Number of shares, derivatives or any other financial instruments relating to shares acquired

i) 3,223

ii) 5,812

iii) 779

6

Number of shares, derivatives or any other financial instruments relating to shares disposed

i) and ii) N/A

iii) 164

7

Price per share or value of transactions

i) and ii) US$16.4022

iii) £8.885

8

Date and place of transactions

7 May 2008, London and Hong Kong

9

Date issuer informed of transactions

13 May 2008

10

Total holding following notification

419,075

11

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

Nicola Black, Assistant Secretary, 020 7991 2652

12

Date of notification

13 May 2008