Result of AGM

HSBC Holdings PLC
28 May 2004

                             ANNUAL GENERAL MEETING

At the Annual General Meeting of HSBC Holdings plc held on 28 May 2004, all
resolutions were passed on a poll.

The following table shows the votes cast for and against each resolution:


  Resolution                                                   Total Votes For*    Total Votes Against      Abstain   
                                                                      (%)                  (%)                        
  1. To receive the Report and Accounts for 2003                 4,534,048,124          30,738,011        100,222,400 
                                                                     (99.3)                (0.7)                      

  2. (i) To re-elect The Lord Butler a Director                  4,584,223,431          39,229,528         41,811,813 
                                                                     (99.2)                (0.8)                      

  (ii) To re-elect The Baroness Dunn a Director                  4,492,829,647          69,944,841        102,488,373 
                                                                     (98.5)                (1.5)                      

  (iii) To re-elect R A Fairhead a Director                      4,580,638,229          42,918,568         41,666,160 
                                                                     (99.1)                (0.9)                      

  (iv) To re-elect W K L Fung a Director                         4,563,806,817          36,436,808         65,024,000 
                                                                     (99.2)                (0.8)                      

  (v) To re-elect M F Geoghegan a Director                       4,521,685,013          41,362,809        102,176,346 
                                                                     (99.1)                (0.9)                      

  (vi) To re-elect S Hintze a Director                           4,586,866,409          36,801,910         41,585,070 
                                                                     (99.2)                (0.8)                      

  (vii) To re-elect Sir John Kemp-Welch a Director               4,568,924,728          37,774,400         58,556,934 
                                                                     (99.2)                (0.8)                      

  (viii) To re-elect Sir Mark Moody-Stuart a Director            4,585,915,338          37,302,195         42,021,810 
                                                                     (99.2)                (0.8)                      

  (ix) To re-elect H Sohmen a Director                           4,550,012,643          56,244,926         58,774,190 
                                                                     (98.8)                (1.2)                      

  3. To reappoint the Auditor at remuneration to be              4,535,270,802          49,114,012         79,985,778 
  determined by the Group Audit Committee                            (98.9)                (1.1)                      

  4. To approve the Directors' Remuneration Report for 2003      4,300,843,761          231,541,059       149,917,043 
                                                                     (94.9)                (5.1)                      

  5. To authorise the Company to purchase its own Ordinary       4,598,522,244           7,185,058         38,983,604 
  Shares                                                             (99.8)                (0.2)                      

  6. To authorise the Directors to allot shares                  4,589,969,856          29,699,300         41,332,269 
                                                                     (99.4)                (0.6)                      

  7. To disapply pre-emption rights (Special Resolution)         4,522,023,920          116,714,723        23,172,113 
                                                                     (97.5)                (2.5)                      

  8. To increase the fees payable to each Director to            4,582,085,323          38,135,193         41,346,918 
  £55,000 per annum                                                  (99.2)                (0.8)    

* Includes discretionary votes

The total number of ordinary shares of US$0.50 each eligible to be voted at the
Annual General Meeting was 11,024,056,367. No shareholders were subject to any
restrictions under the Listing Rules of the Hong Kong Stock Exchange in
exercising their votes at the Annual General Meeting. The scrutineers of the
poll were Electoral Reform Services Limited and Computershare Investor Services
PLC.

At the conclusion of the Annual General Meeting, The Lord Marshall and W R P
Dalton retired as Directors. There are no matters relating to the retirement of
The Lord Marshall and W R P Dalton that need to be brought to the attention of
the shareholders of the Company. The current Directors of HSBC Holdings plc are
Sir John Bond, The Baroness Dunn, Sir Brian Moffat, S K Green, A W Jebson, W F
Aldinger, The Lord Butler, R K F Ch'ien, D G Eldon, R A Fairhead, D J Flint, W K
L Fung, M F Geoghegan, S Hintze, Sir John Kemp-Welch, Sir Mark Moody-Stuart, S W
Newton, H Sohmen, C S Taylor and Sir Brian Williamson.

Copies of the special business resolutions passed at the Annual General Meeting
have been submitted for publication through the Document Viewing Facility of the
UK Listing Authority at the address shown below in accordance with paragraph
9.31 of the Listing Rules.

UK Listing Authority, Document Viewing Facility:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS



Robert Musgrove

Assistant Secretary

020 7992 1504


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