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HSBC HOLDINGS PLC

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28 May 2020

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

1.�� Fixed Pay Allowance Arrangements

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On 26 May 2020, 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 2020. The Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 22 May 2020 of �3.7900.

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.

The Awards will be released in five equal annual instalments starting from March 2021.

Name	Number of Shares vested
Noel Quinn	79,243
Ewen Stevenson	44,283

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2.�� UK Share Incentive Plan

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On 27 May 2020, the following acquisitions of Shares in the Company took place in London.� The Shares were acquired under the Company's UK Share Incentive Plan ("SIP") at �3.9644 per Share.

Name	Number of Shares acquired
Stephen Moss	31
Barry O'Byrne	38

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

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

Name of natural person				Noel Quinn

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
	2020-05-26	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: � �			Price �	Volume	Total �
	Acquisition under the HSBC Share Plan 2011			�3.79	79,243	�300,330.97 �
			Aggregated	�3.79	79,243	�300,330.97

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

Name of natural person				Ewen Stevenson

2 - Reason for the notification

Position/status				Group Chief Financial 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
	2020-05-26	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: � �			Price �	Volume	Total �
	Acquisition under the HSBC Share Plan 2011			�3.79	44,283	�167,832.57
			Aggregated	�3.79	44,283	�167,832.57

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

Name of natural person				Stephen Moss

2 - Reason for the notification

Position/status				Regional Chief Executive for Europe; the Middle East, North Africa and Turkey; Latin America; and Canada

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
	2020-05-27	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:			Price �	Volume	Total �
	Acquisition under the UK Share Incentive Plan			�3.96	31	�122.90
			Aggregated	�3.964	31	�122.90

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

Name of natural person				Barry O'Byrne

2 - Reason for the notification

Position/status				Chief Executive, Global Commercial Banking

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
	2020-05-27	Ordinary shares of US$0.50 each	GB0005405286	London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction: � �			Price �	Volume	Total �
	Acquisition under the UK Share Incentive Plan			�3.96	38	�150.65
			Aggregated	�3.964	38	�150.65

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For any queries related to this notification, please contact:�

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Larissa Wilson

Shareholder Services�

020 7991 0595

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