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

P A Thurston, 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 transaction

i) Acquisition / Scrip dividend.

ii) Release of 246 shares representing the scrip dividend 

for the 2008 fourth interim dividend on that element of

the total shareholder return part of the 2006

Performance Share award under the HSBC Share Plan that

vested on 8 April 2009. The Trustees of the Plan sold 30

shares to meet the tax liability and transferred 216 shares

to P A Thurston as beneficial owner.

5

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

i) 31

ii) 246

6

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

ii) 30

7

Price per share sold

i) US$5.6847

ii) £5.07

8

Date and place of transaction

6 May 2009, London

9

Date issuer informed of transaction

11 May 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

11 May 2009