Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

DEXION ABSOLUTE LIMITED

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

HSBC Holdings plc

4. Full name of shareholder(s)  (if different from 3.):iv

HSBC Global Asset Management (UK) Limited

HSBC Global Asset Management (International) Limited

HSBC Investment Management

HSBC Trustee (Singapore) Limited

HSBC Trust Company (UK) Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

14th March 2014

6. Date on which issuer notified:

20th March 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 15%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct xi

Indirect xii

Direct

Indirect

GB00B0FXL332

110,896

110,896

78,855

NA

78,855

NA

0.057%

GB00B0FXK920

24,733

24,733

8650

NA

8,650

NA

0.006%

GB0032287020

26,256,916

26,256,916

18,142,482

NA

18,142,482

NA

13.010%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

18,229,987

13.073%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

NA

Proxy Voting:

10. Name of the proxy holder:

NA

11. Number of voting rights proxy holder will ceaseto hold:

NA

12. Date on which proxy holder will cease to holdvoting rights:

NA

13. Additional information:

None

14. Contact name:

Baljeet Gill

15. Contact telephone number:

0207 991 6555