Holding(s) in Company

HSBC Holdings PLC
09 November 2005

NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985

The Company was notified on 08 November that Credit Suisse First Boston, through
its subsidiaries listed below, had a notifiable interest as at 04 November 2005
in 625,414,299 ordinary shares of US$0.50 each in HSBC Holdings plc,
representing approximately 5.52% 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 08 November from Rob Daborn, Vice President,
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 04 November, CSFB (as defined below) holds the
following interests in the issued share capital of the Company:

 1. Credit Suisse First Boston (Europe) Limited ("CSFBEL"): 31,926,221 shares.
    CSFBEL is interested in these shares under section under section 208(5) of
    the act by virtue of the right to redelivery of equivalent securities under
    stock lending arrangements.

 2. Credit Suisse First Boston International ("CSFBi"): 196,858,275 shares. CSFBi
    has an interest of 3,694,904 of these shares under section 208(5) of the act
    by virtue of the right to redelivery of equivalent securities under stock
    lending arrangements.

 3. Credit Suisse First Boston (Hong Kong) Limited ("CSFBHK"): 396,554,358
    shares.

 4. Credit Suisse First Boston LLC ("CSFBLL): 63,795 shares.

 5. Credit Suisse First Boston Capital LLC ("CSFBC"): 11,650 shares.

CSFB now holds a total interest of 625,414,299 shares being equivalent to
approximately 5.52% of the issued share capital of the Company.

CSFBEL, CSFBi, CSFBLLC and CSFBHK are members of the investment banking business
of Credit Suisse and reference to CSFB in this letter includes all of the
subsidiaries and affiliates of Credit Suisse operating under the Credit Suisse
First Boston name. Those CSFB companies, which are direct or indirect holding
companies of CSFBEL, CSFBi, CSFBC, CSFBLLC and CSFBHK are under the terms of
section 203 of the Act, each interested by attribution in any shares in which
CSFBEL, CSFBi, CSFBC, CSFBLLC and CSFBHK are interested.

Yours faithfully

Rob Daborn

Vice President - Equities Compliance"


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