HSBC : Notification of Transactions by Persons Discharging Managerial Responsibilities

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

HSBC Holdings plc

Overseas Regulatory Announcement

The attached announcement has been released to the other stock exchanges on which HSBC Holdings plc is listed.

The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises: Mark Tucker*, Noel Quinn, Kathleen Casey† , Laura Cha† , Henri de Castries† , Irene Lee† , José Meade† , Heidi Miller† , Marc Moses, David Nish† , Ewen Stevenson, Jonathan Symonds† , Jackson Tai† and Pauline van der Meer Mohr† .

* Non-executive Group Chairman

• Independent non-executive Director
  Hong Kong Stock Code: 5

HSBC Holdings plc

Registered Office and Group Head Office:

8 Canada Square, London E14 5HQ, United Kingdom Web: www.hsbc.com

Incorporated in England with limited liability. Registered in England: number 617987

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Kathleen Casey

Non-executiveDirector Initial Notification

HSBC HOLDINGS PLC

21 November 2019

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

The following transactions took place on 19 November 2019:

1. Kathleen Casey acquired 997 American Depositary Shares ("ADS")1, at US$37.7600 per ADS, representing 4,985 US$0.50 ordinary shares ("Shares") in HSBC Holdings plc (the "Company").
2. Heidi Miller acquired 2,200 ADS, at an average price of US$37.7432 per ADS, representing 11,000 Shares in the Company.
   1ADS are categorised as equity derivatives under Part XV of the Securities and Futures Ordinance of Hong Kong. Each ADS represents five HSBC Holdings plc ordinary shares. ADS are traded in New York.

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2019-11-19	American	GB0005405286	The New York Stock	USD - United
	Depositary		Exchange	States Dollar
	Shares
	("ADS").
	Each ADS
	represents
	five HSBC

HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39

Heidi Miller

Non-executiveDirector Initial Notification

		Holdings
		plc ordinary
		shares of
		US$0.50
		each.
	Nature of Transaction:		Price	Volume	Total
	Acquisition
				US$37.76	997	US$37,646.72
			Aggregated	US$37.76	997	US$37,646.72

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

2 - Reason for the notification

Position/status

Initial notification/amendment

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity

Legal Entity Identifier code

4 - Details of the transaction(s)

Transaction(s) summary table

Date of	Financial	Identification	Place of Transaction	Currency
Transaction	Instrument	Code
2019-11-19	American	GB0005405286	The New York Stock	USD - United
	Depositary		Exchange		States Dollar
	Shares
	("ADS").
	Each ADS
	represents
	five HSBC
	Holdings
	plc ordinary
	shares of
	US$0.50
	each.
Nature of Transaction:		Price	Volume	Total
Acquisition
			US$37.74	1,200	US$45,288.00
			US$37.74	600	US$22,647.00
			US$37.75	400	US$15,100.00

		Aggregated	US$37.743	2,200	US$83,035.00

For any queries related to this notification, please contact:

Larissa Wilson Shareholder Services 020 7991 0595