HSBC HOLDINGS PLC

15 November 2016

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

On 14 November, awards (the "Awards") of US$0.50 ordinary shares (the "Shares") in HSBC Holdings plc (the "Company") were granted under the HSBC fixed pay allowance arrangements. Awards comprise part of the relevant employees' fixed remuneration for 2016. The Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 11 November of £6.1990.

The Awards vest in full on the date of grant. Individual tax liabilities in respect of the vesting of the Awards were satisfied in cash. The number of Shares received by the Directors named below is therefore net of tax.

20 per cent of the Award is subject to retention until March 2017, with the remaining 80 per cent to be released annually thereafter in four equal tranches until 2021.

Directors

Name	Number of Shares vested
Stuart Gulliver	36,336
Iain Mackay	20,305
Marc Moses	20,305

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Stuart Gulliver

2 - Reason for the notification

Position/status

Group Chief Executive

Initial notification/amendment

Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or

auction monitor

Full name of the entity	HSBC Holdings plc

Legal Entity Identifier code	MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
2016-11-14	Ordinary shares of US$0.50 each	GB0005405286		London Stock Exchange, Main Market (XLON)		GBP - British Pound
Nature of Transaction: Acquisition			Price		Volume		Total
			£6.20		36,336		£225,246.86
		Aggregated	£6.199		36,336		£225,246.86

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Iain Mackay

2 - Reason for the notification

Position/status

Group Finance Director

Initial notification/amendment

Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or

auction monitor

Full name of the entity	HSBC Holdings plc

Legal Entity Identifier code	MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
2016-11-14	Ordinary shares of US$0.50 each	GB0005405286		London Stock Exchange, Main Market (XLON)		GBP - British Pound
Nature of Transaction: Acquisition			Price		Volume		Total
			£6.20		20,305		£125,870.70
		Aggregated	£6.199		20,305		£125,870.70

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Marc Moses

2 - Reason for the notification

Position/status

Group Chief Risk Officer

Initial notification/amendment

Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or

auction monitor

Full name of the entity	HSBC Holdings plc

Legal Entity Identifier code	MLU0ZO3ML4LN2LL2TL39

4 - Details of the transaction(s)

Transaction(s) summary table

Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
2016-11-14	Ordinary shares of US$0.50 each	GB0005405286		London Stock Exchange, Main Market (XLON)		GBP - British Pound
Nature of Transaction: Acquisition			Price		Volume		Total
			£6.20		20,305		£125,870.70
		Aggregated	£6.199		20,305		£125,870.70

For any queries related to this notification please contact: Loren Wulfsohn, Shareholder Services Team on +44 (0)20 7991 8918.