Holding(s) in Company

HSBC Holdings PLC
23 November 2004


NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985

The Company was notified today that Credit Suisse First Boston, through its
subsidiaries listed below, no longer has a notifiable interest as at 19 November
2004 in the ordinary shares 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 November 2004 from Andrew Veasey, Equities
Compliance, Credit Suisse First Boston (Europe) Limited


" Dear Sirs

HSBC Holdings plc (the "Company")


This notification relates to the ordinary shares of the Company (the shares) and
is given in fulfilment of the obligations imposed under Section 198 of the
Companies Act 1985 (the Act).

We hereby notify you that on 19 November 2004, following disposals, Credit
Suisse First Boston Equities Limited (CSFBEq), Credit Suisse First Boston
(Europe) Limited (CSFBEL), Credit Suisse First Boston International (CSFBi),
Credit Suisse First Boston (Hong Kong) Limited (CSFBHK), Credit Suisse First
Boston LLC (CSFBLLC) and Credit Suisse First Boston Capital LLC (CSFBC) no
longer have a notifiable interest in the ordinary shares of the company for the
purposes of section 198 of the Act.


CSFBEq, CSFBEL, CSFBI, CSFBHK, CSFBLLC & CSFBC are members of the Credit Suisse
First Boston group of companies. Those group companies which are direct or
indirect holding companies of CSFB are, under the terms of section 203 of the
Act, each interested by attribution in any shares in which CSFB is interested.


Yours faithfully

Andrew Veasey
Equities Compliance"


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