NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR CONNECTED PERSONS

This notification relates to a transaction notified in accordance with DTR 3.1.2 R and 3.1.4 R (1)(a)

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

S P O'Sullivan, 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

Disposal / sale

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

20,000

7

Price per share or value of transaction

£5.61

8

Date and place of transaction

21 June 2012, London

9

distributed by