Holding(s) in Company

HSBC Holdings PLC
24 May 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
HSBC Holdings plc

2. Name of shareholder having a major interest
Cater Allen International Limited

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
Cater Allen International Limited                                                335,549,605

5. Number of shares / amount of stock acquired
Total holding at 19 May 2004 - 335,549,605 ordinary shares of US$0.50 each

6. Percentage of issued class
3.05 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
19 May 2004

11. Date company informed
24 May 2004

12. Total holding following this notification
335,549,605 ordinary shares of US$0.50 each

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

14. Any additional information


15. Name of contact and telephone number for queries
Robert Musgrove, Assistant Secretary - 020 7992 1504

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

Date of notification
24 May 2004






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