Holding(s) in Company

HSBC Holdings PLC
27 May 2004





NOTIFICATION OF MAJOR INTERESTS IN SHARES

Section 198 - Companies Act 1985




        The Company was notified today by Cater Allen International Limited
        that, as at 25 May 2004, Cater Allen International Limited no longer has
        a reportable interest in the share capital of HSBC Holdings plc.

A copy of the letter of notification is quoted below.

R H Musgrove

Assistant Secretary

HSBC Holdings plc



Letter to HSBC Holdings plc dated 25 May 2004 from Matthew Hill, Compliance
Manager, Cater Allen International Limited



"Dear Sir,

Notification of Interest in Shares pursuant to Part VI of the Companies Act 1985
(as amended)

In accordance with Part VI of the Companies Act 1985 (as amended), please note
that as of the date of this letter, Cater Allen International Limited (CAIL) no
longer has a reportable interest in the ordinary shares of HSBC Holdings Plc.



Yours faithfully,


Matthew Hill

Compliance Manager

Cater Allen International Limited"



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