Holding in Company

Cairn Energy PLC
29 October 2001


29 October 2001


                          Cairn Energy PLC ('Cairn')

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


On 26 October 2001, Cairn was notified by Fidelity International Limited that
it and its direct and indirect subsidiaries had an interest in 11,895,337
Ordinary Shares of 10p each in Cairn, representing 8.03% of Cairn's current
issued ordinary share capital.

The registered holders to which this notification relates and the number of
shares held by those registered holders as at 26 October 2001 is as follows:-

                                                         NUMBER OF
REGISTERED HOLDER                                          SHARES          %

Chase Nominees Limited                                        8,101,500
Chase Nominees Limited                                          593,837
HSBC Client Holdings Nominee (UK) Limited                     3,200,000

                                                             11,895,337   8.03%


The notifiable interests also comprise the notifiable interest of Mr Edward C.
Johnson 3rd, principal shareholder of Fidelity International Limited.