Holding(s) in Company

Cairn Energy PLC
13 March 2002


13 March 2002

                           Cairn Energy PLC ('Cairn')


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

Cairn was notified on 12 March 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 16,224,915 Ordinary Shares of 10p each in Cairn, representing 10.93%
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)                                          232,085
Deutsche Bank AG Frankfurt (held as principal)                                             12,882
Morgan Nominees Limited                                                                 5,624,727
Morgan Nominees Limited a/c 131                                                         4,653,403
Morgan Nominees Limited a/c SL                                                            239,535
Chase Nominees                                                                            400,000
Clydesdale Bank Custodian Nominees                                                        382,000
CSFB Depositary                                                                            50,000
Deutsche Asset Management GmbH                                                            240,000
Deutsche Bank International Jersey                                                          2,115
HSBC Global Custody Nominees (UK)                                                         146,000
Nortrust Nominees                                                                         591,857
Perry Nominees                                                                             85,000
RBSTB Nominees                                                                          1,862,454
State Street Nominees                                                                   1,142,857
Vidacoss Nominees                                                                         560,000
                                                                                       16,224,915




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