Holding(s) in Company

Cairn Energy PLC
7 May 2002





7 May 2002


                           Cairn Energy PLC ('Cairn')

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



On 3 May 2002, Cairn was notified by Fidelity International Limited that it and
its direct and indirect subsidiaries had an interest in 15,649,637 Ordinary
Shares of 10 pence each in Cairn, representing 10.52% 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 3 May 2002 is as follows:-

                                                         NUMBER OF
REGISTERED HOLDER                                        SHARES              %
                                                   
Chase Nominees Limited                                   7,955,800
Chase Manhattan Bank London                                 28,237
Mellon Nominees Limited                                     87,300
Chase Nominees Limited                                     882,700
HSBC Client Holdings Nominee (UK) Limited                5,270,600
Chase Manhattan Bank London                                 57,400
Bank of New York London                                    787,900
Deutsche                                                    19,700
Northern Trust                                             380,000
State Street Nominees                                      180,000
                                                        15,649,637       10.52%


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




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