Holding(s) in Company

HSBC Holdings PLC
29 November 2004

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985

The Company was notified today that Cater Allen International Limited had a
notifiable interest as at 26 November 2004 in 349,943,761 ordinary shares of
US$0.50 each in HSBC Holdings plc, representing approximately 3.15% of the
ordinary shares in issue.

A copy of the letter of notification is quoted below.

N S Black

Assistant Secretary

HSBC Holdings plc



Letter to HSBC Holdings plc dated 26 November 2004 from Kevin Whittern,
Compliance Officer, 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 I have been made aware, as of today the interests of Cater Allen
International Limited (CAIL) in the ordinary shares of HSBC Holdings Plc has
increased to 349,943,761 ordinary shares or 3.15% of the issued share capital.

This holding has arisen from stock loan transactions done under the relevant
approved documentation as a principal trading member of the London Stock
Exchange.



Yours faithfully,





Kevin Whittern

Compliance Officer

Cater Allen International Limited"






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