Holding(s) in Company

Cairn Energy PLC
1 July 2002


1 July 2002


                           Cairn Energy PLC ('Cairn')


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



On 28 June 2002, Cairn was notified by CGNU plc on behalf of it and its
subsidiary Morley Fund Management Limited that, following the sale of 224,000
shares on 27 June 2002, the CGNU group no longer have a notifiable interest in
the Ordinary Shares of the Company.



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