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) and ii) V H C Cheng, a person discharging managerial responsibilities

iii) Mariana Cho Chi On, a person connected with V H C Cheng, 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 on conditional awards under the HSBC Share Plan

ii) Acquisition / scrip dividend

iii) Acquisition / scrip dividend

5

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

i) 6,671

ii) 3,713

iii) 1,446

6

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

N/A

7

Price per share or value of transactions

i), ii) and iii) US$10.4577

8

Date and place of transactions

i) 12 January 2011, London

ii) and iii) 12 January 2011, Hong Kong

9

Date issuer informed of transactions

13 January 2011

10

Total holding following notification

1,558,582

11

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

Kalpna Dubasia, Assistant Secretary, 020 7991 0592

12

Date of notification

13 January 2011