Holding(s) in Company

HSBC Holdings PLC
26 March 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

HSBC Holdings plc

2) Name of shareholder having a major interest

Lehman Brothers International (Europe)

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Shareholder named in 2) above

4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Lehman Brothers International (Europe)

5) Number of shares/amount of stock acquired

346,151,843

6) Percentage of issued class

3.70%

7) Number of shares/amount of stock disposed



8) Percentage of issued class



9) Class of security

Ordinary shares of US$0.50 each

10) Date of transaction

21 March 2002

11) Date company informed

25 March 2002

12) Total holding following this notification

346,151,843

13) Total percentage holding of issued class following this notification

3.70%

14) Any additional information



15) Name of contact and telephone number for queries

Peter Harvey, Company Secretarial Assistant 020 7260 0126

16) Name and signature of authorised company official responsible for making
this notification

As in 15) above

Date of notification 26 March 2002


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