Holding in Company

Cairn Energy PLC
1 June 2001



1 June 2001







                          Cairn Energy PLC ('Cairn')

  Notification of Shareholding - Companies Act 1985 ss.198-202 (as amended)


Cairn was notified today by Deutsche Bank AG London on behalf of Deutsche Bank
AG that Deutsche Bank AG and its subsidiaries have in aggregate an interest in
18,104,233 Ordinary Shares of 10p each in Cairn, representing 12.25% of
Cairn's current issued ordinary share capital.



The registered shareholders to which this notification relates and the number
of shares held by the registered holders at the date of notification is as
follows:-


                                                                NUMBER OF
REGISTERED HOLDER                                                  SHARES

Morgan Grenfell & Co. Limited a/c Library                               5
Morgan Nominees Limited                                         6,372,234
Morgan Nominees Limited a/c 131                                 6,014,944
Morgan Nominees Limited a/c SL                                    675,000
BT Globenet Nominees                                               29,000
CSFB Depositary                                                   100,000
MSS Nominees                                                      204,000
Nortrust Nominees                                               1,211,357
Perry Nominees                                                     85,000
Royal Bank of Scotland Trust Nominees                           2,247,836
Royal Bank of Scotland Trust Nominees A/c 0150303182               22,000
State Street Nominees                                           1,142,857
                                                               18,104,233