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HSBC Announces Major Interest in Shares

Hamilton, Bermuda: 2 August 2005 - The Company was notified on 2 August 2005 that Credit Suisse First Boston, through its subsidiaries listed below, had a notifiable interest as at 29 July 2005 in 579,943,226 ordinary shares of US$0.50 each in HSBC Holdings plc, representing approximately 5.15% of the ordinary shares in issue.

A copy of the letter of notification is quoted below.

N S Black

Assistant Secretary

HSBC Holdings plc

Letter to HSBC Holdings plc dated 2 August 2005 from Rob Daborn, Vice President, Equities Compliance, Credit Suisse First Boston (Europe) Limited

 "Dear Sirs

HSBC Holdings plc (the "Company")

This notification relates to the ordinary shares of the Company (the "shares") and is given in fulfilment of the obligations imposed under Section 198 of the Companies Act 1985 (the "Act").

We hereby notify you that on 29 July 2005, following disposals, CSFB (as defined below) holds the following interests in the issued share capital of the Company:

  1. Credit Suisse First Boston (Europe) Limited ("CSFBEL"): 43,097,244 shares. CSFBEL has an interest in 41,082,72 of these shares under section 208(5) of the act by virtue of the right to redelivery of equivalent securities under stock lending arrangements.
  2. Credit Suisse First Boston International ("CSFBi"): 173,972,203 shares.
  3. Credit Suisse First Boston (Hong Kong) Limited ("CSFBHK"): 362,837,174 shares.
  4. Credit Suisse First Boston LLC ("CSFBLL): 36,605 shares.

 

 

 

CSFB now holds a total interest of 579,943,226 shares being equivalent to approximately 5.15% of the issued share capital of the Company.

 

CSFBEL, CSFBi, CSFBLLC and CSFBHK are members of the investment banking business of Credit Suisse and reference to CSFB in this letter includes all of the subsidiaries and affiliates of Credit Suisse operating under the Credit Suisse First Boston name. Those CSFB companies, which are direct or indirect holding companies of CSFBEL, CSFBi, CSFBLLC and CSFBHK are under the terms of section 203 of the Act, each interested by attribution in any shares in which CSFBEL, CSFBi, CSFBLLC and CSFBHK are interested.

 

 

Yours faithfully

 

Rob Daborn

 

Vice President - Equities Compliance"