Holding(s) in Company

HSBC Holdings PLC
25 June 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
HSBC Holdings plc

2. Name of shareholder having a major interest
The Capital Group Companies, Inc.

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
In respect of shareholder

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
Registered name                                                                           Number of shares
State Street Nominees Limited                                                                    8,346,623
Bank of New York Nominees                                                                        2,156,741
Northern Trust                                                                                     272,000
Chase Nominees Limited                                                                          28,016,988
BT Globenet Nominees Ltd.                                                                          820,200
Midland Bank plc                                                                                 7,808,484
Cede & Co                                                                                        1,233,870
Deutsche Bank Mannheim                                                                               2,400
Bankers Trust                                                                                    2,378,500
Barclays Bank                                                                                      378,300
Citibank London                                                                                     19,400
Royal Trust                                                                                         20,400
Nortrust Nominees                                                                                7,536,684
Royal Bank of Scotland                                                                              66,900
MSS Nominees Limited                                                                                63,000
State Street Bank & Trust Co.                                                                       66,411
Citibank                                                                                            20,100
RBSTB Nominees Ltd                                                                                   3,200
Citibank NA                                                                                         50,000
Deutsche Bank AG                                                                                     4,800
HSBC Bank plc                                                                                       22,086
Mellon Bank N.A.                                                                                   137,800
ROY Nominees Limited                                                                               141,900
Mellon Nominees (UK) Limited                                                                     1,789,499
HSBC                                                                                                46,538
JP Morgan Chase Bank                                                                               466,600
State Street Nominees Limited                                                                    1,067,400
Bank of New York Nominees                                                                        7,164,111
Northern Trust                                                                                   2,554,949
Chase Nominees Limited                                                                           5,761,036
Midland Bank plc                                                                                   464,400
Bankers Trust                                                                                      527,100
Barclays Bank                                                                                      245,800
Citibank London                                                                                    468,885
Morgan Guaranty                                                                                    232,500
Nortrust Nominees                                                                                4,317,091
Royal Bank of Scotland                                                                           1,609,400
MSS Nominees Limited                                                                               122,600
State Street Bank & Trust Co.                                                                    2,633,132
Lloyds Bank                                                                                         64,400
Hong Kong & Shanghai Banking Corp                                                                  292,800
Citibank NA                                                                                         68,400
Deutsche Bank AG                                                                                 1,141,145
Chase Manhattan Nominee Ltd.                                                                       175,600
State Street Australia Limited                                                                      86,600
HSBC Bank plc                                                                                      981,500
Mellon Bank N.A.                                                                                   268,182
Northern Trust AVFC                                                                                784,500
KAS UK                                                                                             124,580
Mellon Nominees (UK) Limited                                                                       262,700
Bank One London                                                                                    268,800
Clysesdale Bank plc                                                                                121,100
JP Morgan Chase Bank                                                                               423,500
State Street Nominees Limited                                                                       24,400
Chase Nominees Limited                                                                           3,376,538
Credit Suisse London Branch                                                                         56,300
Midland Bank plc                                                                                   910,705
Barclays Bank                                                                                    1,148,170
Pictet & Cie, Geneva                                                                                32,600
Citibank London                                                                                     29,700
Brown Bros.                                                                                         99,117
Nortrust Nominees                                                                                   31,800
Morgan Stanley                                                                                      24,480
Royal Bank of Scotland                                                                             356,295
MSS Nominees Limited                                                                                32,645
J.P.Morgan                                                                                       2,479,647
State Street Bank & Trust Co.                                                                      106,638
National Westminster Bank                                                                          239,700
Lloyds Bank                                                                                         41,600
RBSTB Nominees Ltd.                                                                                123.800
Citibank NA                                                                                         44,900
Deutsche Bank AG                                                                                   158,136
HSBC Bank plc                                                                                      430,050
State Street Nominees Limited                                                                    3,163,172
Bank of New York Nominees                                                                          449,587
Northern Trust                                                                                      33,929
Chase Nominees Limited                                                                           2,578,290
Midland Bank plc                                                                                   293,117
Deutsche Bank Mannheim                                                                              54,800
Bankers Trust                                                                                       43,600
Citibank London                                                                                  6,823,200
Nortrust Nominees                                                                                  347,200
Royal Bank of Scotland                                                                             284,215
State Street Bank & Trust Co.                                                                      147,550
Citibank                                                                                            22,800
RBSTB Nominees Ltd.                                                                                 58,797
Citibank NA                                                                                        374,781
HSBC Bank plc                                                                                      231,600
JP Morgan Chase Bank                                                                               451,000
State Street Nominees Limited                                                                    3,981,419
Chase Nominees Limited                                                                         142,781,195
Cede & Co                                                                                       64,777,440
JPM Nominees Ltd.                                                                                   29,595
State Street Bank & Trust Co.                                                                       82,029



5. Number of shares / amount of stock acquired
Total holding at 22 June 2004 - 330,858,172 ordinary shares of US$0.50 each

6. Percentage of issued class
3.00 per cent

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
22 June 2004

11. Date company informed
24 June 2004

12. Total holding following this notification
330,858,172 ordinary shares of US$0.50 each

13. Total percentage holding of issued class following this notification
3.00 per cent

14. Any additional information
 Covering letter received with notification:

"Re: Section 198 Notification

Company Secretary:

Enclosed is a Section 198 Notification dated 22 June 2004.

The Capital Group Companies, Inc. ("CGC") is a holding company for several subsidiary companies engaged in
investment management business. The investment management business is divided into two operational groups,
represented by Capital Research and Management Company ("CRMC") and Capital Group International, Inc.
("CGII"). CRMC is a U.S.-based investment adviser that manages The American Funds Group of mutual funds.
CGII is the parent company of five companies that serve as investment managers to various institutional
clients around the globe: Capital Guardian Trust Company in the U.S., Capital International, Inc. in the
U.S. and Singapore, Capital International Limited in the United Kingdom, Capital International S.A. in
Switzerland and Capital International K.K. in Japan. For a more complete description of our organization,
please visit our Web site at www.capgroup.com.

Neither CGC nor any of its subsidiaries own shares of your company for their own account. Rather, the
shares reported in this Notification are owned by accounts under the discretionary investment management
of one or more of the investment management companies described above. Furthermore, CRMC and CGII act
separately from one another and from CGC in exercising investment discretion over their managed accounts.

For the purposes of this Notification an outstanding share balance of 11,023,673,422 shares was used to
calculate the percentages of holdings of the relevant share capital which determine the notifiable
interest. We believe this outstanding share balance is curent; however, if this number is not accurate,
please contact us as soon as possible so we may make the necessary revisions to this Notification.

Should you have questions or require additional information, please contact Gina Martinez or Greg
Dickinson at [phone], or send a fax message to [phone]. Alternatively, you may contact us via
E-mail at [e-mail].

Regards

Gina Martinez

Compliance Associate"



15. Name of contact and telephone number for queries
Nicola Black, Assistant Secretary - 020 7991 2652

16. Name and signature of authorised company official responsible for making
this notification
Nicola Black, Assistant Secretary

Date of notification
25 June 2004




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