Holding in Company

Cairn Energy PLC
22 November 2001

22 November 2001

                          Cairn Energy PLC ('Cairn')



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



Cairn was notified on 21 November 2001 by Deutsche Bank AG London on behalf of
Deutsche Bank AG that Deutsche Bank AG and its subsidiaries have in aggregate
an interest in 17,884,152 Ordinary Shares of 10p each in Cairn, representing
12.07% 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 (held as principal)                    778,171
Morgan Nominees Limited                                           5,868,924
Morgan Nominees Limited a/c 131                                   5,381,274
BT Globenet Nominees                                                 51,000
Chase Nominees                                                      680,000
CSFB Depositary                                                     100,000
Deutsche Asset Management GmbH                                      579,000
Deutsche Bank International Jersey                                    2,115
HSBC Global Custody Nominees (UK)                                   182,000
Nortrust Nominees                                                   992,857
Perry Nominees                                                       85,000
RBSTB Nominees                                                    2,032,954
State Street Nominees                                             1,142,857
To be advised                                                         8,000

                                                                 17,884,152