Holding(s) in Company

Cairn Energy PLC
11 February 2003


11 February 2003

                           Cairn Energy PLC ('Cairn')


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


Cairn was notified on 10 February 2003 by Deutsche Bank AG London on behalf of
Deutsche Bank AG that Deutsche Bank AG and its subsidiaries have in aggregate an
interest in 15,457,424 Ordinary Shares of 10p each in Cairn, representing 10.38%
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

Deutsche Bank AG London                                                                  451,841
Deutsche Bank AG Frankfurt                                                                16,068
Morgan Nominees Limited                                                                7,077,235
Morgan Nominees Limited a/c 131                                                        2,735,697
Bank of New York Nominees                                                                390,000
Chase Nominees                                                                           578,543
Clydesdale Bank Custodian Nominees                                                       428,738
Deutsche Asset Management GmbH                                                           120,000
Deutsche Bank International Jersey                                                         2,115
HSBC Global Custody Nominees (UK)                                                         89,000
Nortrust Nominees                                                                        579,487
RBSTB Nominees                                                                            12,100
State Street Nominees                                                                  2,976,600
                                                                                      15,457,424




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