Holding(s) in Company

HSBC Holdings PLC
28 November 2006


NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985

The Company was notified on 28 November 2006 that Merrill Lynch & Co., Inc. no
longer had a notifiable interest the ordinary shares of US$0.50 each in HSBC
Holdings plc.

A copy of the letter of the notification is quoted below.

P A Stafford
Deputy Group Company Secretary
HSBC Holdings plc

Letter to HSBC Holdings plc dated 28 November 2006 from - Merrill Lynch
International


"Dear Sir
                   Companies Act 1985 ss 198-202 (as amended)

We wish to notify you, by reason of the provisions of section 203 of the above
Act, that the companies, the names and addresses of which are set out in the
Schedule to this letter no longer have a notifiable interest as previously
disclosed by us and we should be grateful if you would treat this letter as
making such disclosure on its behalf.

If you have any queries regarding the contents of this letter, please contact
Alasdair Coutts-Britton on 020-7996-3565, Facsimile 020-7996-1174.

Yours faithfully

(Signed)
Duly authorised for and on behalf
Of the notifying companies

Schedule

Part 1

Name                                       Address
BlackRock Investment                       33 King William Street
Management (UK) Limited                    London EC4R 9AS


Part 2

Merrill Lynch & Co., Inc.                  World Financial Center
                                           North Tower
                                           250 Vesey Street
                                           New York
                                           NY 10281-1332"


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