Holding(s) in Company

Cairn Energy PLC
24 January 2002



24 January 2002





                           Cairn Energy PLC ('Cairn')


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

Cairn was notified on 23 January 2002 by Deutsche Bank AG London on behalf of
Deutsche Bank AG that Deutsche Bank AG and its subsidiaries have in aggregate an
interest in 17,960,682 Ordinary Shares of 10p each in Cairn, representing 12.12%
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)                         361,284
Deutsche Bank AG Frankfurt (held as principal)                            12,882
Morgan Nominees Limited                                                5,868,924
Morgan Nominees Limited a/c 131                                        5,381,274
Morgan Nominees Limited a/c SL                                           239,535
BT Globenet Nominees                                                      51,000
Chase Nominees                                                           400,000
CSFB Depositary                                                          100,000
Clydesdale Bank Custodian Nominees                                       382,000
Deutsche Asset Management GmbH                                           579,000
Deutsche Bank International Jersey                                         2,115
HSBC Global Custody Nominees (UK)                                        162,000
Nortrust Nominees                                                        591,857
Perry Nominees                                                            85,000
RBSTB Nominees                                                         2,032,954
State Street Nominees                                                  1,142,857
Vidacoss Nominees                                                        560,000
To be advised                                                          ____8,000
                                                                      17,960,682




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