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

(1) Ann Almeida

(2) Emilson Alonso

(3) Clive Christopher Roger Bannister

(4) Kenneth Harvey 

(5) Alex Charles Hungate

(6) Dyfrig Dayfdd Joseff John

(7) Brendan Paul McDonagh

(8) Youssef Assaad Nasr 

(9) Brian Robertson 

(10) Paul Anthony Thurston

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

A - Adjustment of existing performance and restricted share awards made under the HSBC Share Plan as a result of the rights issue announced by HSBC Holdings plc on 2 March 2009. 

B - Adjustment of existing options granted under the HSBC Holdings savings related share option plans as a result of the rights issue announced by HSBC Holdings plc on 2 March 2009.

5

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

A - Adjustment to existing awards of US$0.50 ordinary shares: 

(1) 43,975

(2) 59,618

(3) 159,021

(4) 117,718

(5) 47,465

(6) 75,330

(7) 55,986

(8) 111,506

(9) 65,330

(10) 46,999

B - Adjustment to existing options over US$0.50 ordinary shares:

(1) 364

(4) (i) 15,048 (ii) 30,097 (iii) 15,786 (iv) 15,786 (v) 29,599 (vi) 39,465

(5) 203

(6) (i) 149 (ii) 35 (iii) 81

(7) (i) 218 (ii) 122 (iii) 2,788

(8) (i) 39 (ii) 157

(9) (i) 71 (ii) 117

(10) 203

6

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

N/A

7

Price per share or value of transactions

A - Nil

B (i) - Adjustment of existing exercise price under the HSBC savings related share option plans as a result of the rights issue announced by HSBC Holdings plc on 2 March 2009;(a) pre adjustment exercise price and (b) post adjustment exercise price: 

(1)(a) £6.6792 (b) £5.8205

(5) (a) £6.8160 (b) £5.9397

(6) (i)(a) £6.4720 (b) £5.6399, (ii)(a) £7.6736 (b) £6.6870, (iii)(a) £6.8160 (b) £5.9397

(7) (i)(a) £6.6792 (b)£5.8205, (ii)(a) £7.6736 (b) £6.6870

(8) (i)(a) £7.0872 (b)£6.1760, (ii)(a) £6.8160 (b) £5.9397

(9) (i)(a) £7.6736 (b) £6.6870, (ii)(a) £7.0872 (b) £6.1760

(10) (a) £6.8160 (b) £5.9397

B (ii) - Adjustment of existing exercise price under the Executive Share Option Plan as a result of the rights issue announced by HSBC Holdings plc on 2 March 2009;(a) pre adjustment exercise price and (b) post adjustment exercise price: 

(7) (iii)(a) £6.3754 (b) £5.5557

B (iii) - Adjustment of existing exercise price under the Group Share Option Plan as a result of the rights issue announced by HSBC Holdings plc on 2 March 2009;(a) Pre adjustment exercise price and (b) post adjustment exercise price: 

(4)(i)(a) £9.1350 (b) £7.9606, (ii)(a) £8.2830 (b) £7.2181

B (iv) - Adjustment of existing exercise price under the HSBC Finance 1996 Long-Term Executive Incentive Compensation Plan as a result of the rights issue announced by HSBC Holdings plc on 2 March 2009;(a) pre adjustment exercise price and (b) post adjustment exercise price: 

(4)(iii)(a)$16.9600 (b) $14.7795, (iv)(a) $18.4000 (b) $16.0344, (v)(a) $21.3700 (b) $18.6226, (vi)(a) $10.6600 (b) $9.2895

8

Date and place of transactions

23 March 2009, London

9

Date issuer informed of transactions

26 March 2009

10

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

Nicola Black, Assistant Group Company Secretary, 020 7991 2652

11

Date of notification

26 March 2009