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

The Swire Educational Trust, of which J W J Hughes-Hallett, a person discharging managerial responsibilities, is a Trustee

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 transaction

Disposal of a non-beneficial interest as Trustee in shares held by the The Swire Educational Trust

5

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

N/A

6

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

i) 25,785

ii) 2,865

7

Price per share or value of transactions

i) £6.5311

ii) £6.5295

8

Date and place of transactions

i) 25 November 2010, London

ii) 30 November 2010, London

9

Date issuer informed of transactions

14 December 2010 (The Director became aware of these transactions on 15 December 2010)

10

Total holding following notification

39,577

11

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

Peter Harvey, Senior Assistant Secretary, 020 7992 1401

12

Date of notification

15 December 2010