Holding(s) in Company

HSBC Holdings PLC
03 February 2005


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, had a notifiable interest as at 1 February 2005 in
562,122,209 ordinary shares of US$0.50 each in HSBC Holdings plc, representing
approximately 5.04% 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 3 February 2005 from Andrew Veasey, Director,
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 1 February 2005, following acquisitions, CSFB (as
defined below) holds the following interests in the issued share capital of the
Company:



 1. Credit Suisse First Boston Equities Limited ("CSFBEq"): 56,140 shares. 
    CSFBEq is interested in 8,140 of these shares 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 (Europe) Limited ("CSFBEL"): 33,475,811 shares.
    CSFBEL is interested in 14,204,616 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 International ("CSFBi"): 165,554,516 shares.


 4. Credit Suisse First Boston (Hong Kong) Limited ("CSFBHK"): 362,336,682
    shares.


 5. Credit Suisse First Boston LLC ("CSFBLLC"): 696,160 shares.


 6. Credit Suisse First Boston Capital LLC ("CSFBC"): 2,900 shares

CSFB now holds a total interest of 562,122,209 shares being equivalent to
approximately 5.04% of the issued share capital of the Company.



CSFBEq, CSFBi, CSFBHK, CSFBLLC, CSFBC and CSFBEL are members of the Credit
Suisse First Boston group of companies ("CSFB"). Those group companies which are
direct or indirect holding companies of CSFBEq, CSFBi, CSFBHK, CSFBLLC, CSFBC
and CSFBEL are each interested by attribution in any shares in which CSFBEq,
CSFBi, CSFBHK , CSFBLLC, CSFBC and CSFBEL are interested.


Yours faithfully

Andrew Veasey

Director

Equities Compliance"

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