Holding(s) in Company

HSBC Holdings PLC
24 March 2004





NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985



The Company was notified today by Cater Allen International Limited, that as at
22 March 2004, Cater Allen International Limited no longer has a notifiable
interest in the share capital of HSBC Holdings plc.

A copy of the letter of notification is quoted below.

P A Stafford

Assistant Group Secretary

HSBC Holdings plc



Letter to HSBC Holdings plc dated 23 March 2004 from Matthew Hill, Compliance
Manager, Cater Allen International Limited



"Dear Sir,

Notification of Interest in Shares pursuant to Part VI of the Companies Act 1985
(as amended)

In accordance with Part VI of the Companies Act 1985 (as amended), please note
that as of 22nd March 2004, Cater Allen International Limited (CAIL) no longer
has a reportable interest in the ordinary shares of HSBC Holdings Plc.



Yours faithfully,


Matthew Hill

Compliance Manager

Cater Allen International Limited"



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