Holding(s) in Company

HSBC Holdings PLC
04 September 2002

Section 198 - Companies Act 1985

The Company was notified yesterday that Lehman Brothers International (Europe)
no longer has a notifiable interest in the shares of HSBC Holdings plc.

Letter to: HSBC Holdings plc dated and received 3 September 2002.

S198 Companies Act 1985 (the "Act")

We write to inform you, pursuant to s198 of the Act, that as at the close of
business on 30th August, 2002, the interest of Lehman Brothers International
(Europe) in the ordinary share capital of HSBC Holdings plc has fallen below 3
percent.

Letter from: Lehman Brothers.


                      This information is provided by RNS
            The company news service from the London Stock Exchange