Holding(s) in Company

HSBC Holdings PLC
03 April 2006



NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985



The Company was notified today by Lehman Brothers, that as at the close of
business on 29th March 2006, Lehman Brothers International (Europe) no longer
has a notifiable interest in the share capital of HSBC Holdings plc.

A copy of the letter of notification is quoted below.

Paul Stafford
Assistant Group Secretary
HSBC Holdings plc



Letter to HSBC Holdings plc dated 31 March 2006 from Paul MacDonald, Compliance
Department - Europe, Lehman Brothers



"Dear Sir / Madam,

                      S198 Companies Act 1985 (the "Act")



We write to inform you, pursuant to s198 of the Act, that as at the close of
business on 29th March, 2006, the interest of Lehman Brothers International
(Europe) in the ordinary share capital of HSBC Holdings Plc (the "Company") has
fallen below 3%.



Yours faithfully
For & on behalf of Lehman Brothers





Paul MacDonald
Compliance Department - Europe"




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