HSBC : Grant of Share Options

The following is the text of an announcement released to the Stock Exchange of Hong Kong Limited on 25 September 2020 pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited:

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.

25 September 2020

(Hong Kong Stock Code: 5)

HSBC HOLDINGS PLC

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

On 24 September 2020, HSBC Holdings plc (the "Company") granted share options ("Options") to employees to subscribe for a total of 111,469,393 ordinary shares of US$0.50 each of the Company under the HSBC Holdings Savings-Related Share Option Plan. The following are the details of the grant:

Exercise Price at which the	Option Period	Number of shares under Option
Options were granted
GBP 2.6270	3 years	69,704,328
5 years	41,765,065
Total number of Options	111,469,393
granted
Closing price of the ordinary
shares, on the London	GBP 2.8670
Stock Exchange and on the
date of grant
Validity period of the Options	3 years, exercisable from 1 November 2023 to 30 April 2024
5 years, exercisable from 1 November 2025 to 30 April 2026

There were no Options granted to any director of the Company.

For and on behalf of

HSBC Holdings plc

Aileen Taylor

Group Company Secretary and Chief Governance Officer

The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises: Mark Tucker*, Noel Quinn, Laura Cha† , Henri de Castries† , James Anthony Forese† , Steven Guggenheimer† , Irene Lee† , José Antonio Meade Kuribreña† , Heidi Miller† , Eileen K Murray† , David Nish† , Ewen Stevenson, Jackson Tai† and Pauline van der Meer Mohr† .

* Non-executive Group Chairman

• Independentnon-executive Director

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