Holding(s) in Company

Cairn Energy PLC
24 June 2003



FOR IMMEDIATE RELEASE

                                                                    24 June 2003

                           CAIRN ENERGY PLC ('Cairn')


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


Cairn was notified on 23 June 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 21,146,901 ordinary shares of 10 pence each in Cairn, representing
14.15% 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:
-

REGISTERED HOLDER                                                    NUMBER OF
                                                                        SHARES

Deutsche Bank AG London                                                566,034
Deutsche Bank AG Frankfurt                                              16,068
Morgan Nominees Limited                                              9,528,905
Morgan Nominees Limited CHY                                             55,000
Morgan Nominees Limited a/c D131                                     2,305,516
Morgan Nominees Limited a/c DGR                                        165,000
Morgan Nominees Limited a/c SAM                                          4,295
Morgan Nominees Limited SL                                              48,000
Bank of New York Nominees                                              971,123
BT Globenet Nominees                                                   127,149
Channel Nominees                                                        33,563
Chase Nominees                                                       1,826,205
Clydesdale Bank Custodian Nominees                                     428,738
Deutsche Bank International Ltd                                          9,585
HSBC Global Custody Nominees (UK)                                      184,347
Lloyds Bank Nominees                                                     2,141
Master Trust Bank of Japan                                                 800
Nortrust Nominees                                                      987,409
RBSTB Nominees                                                          14,000
RBSTB Nominees A/c RTLDN                                                72,000
State Street Nominees                                                3,733,085
Tokyo Trust                                                             67,938
                                                                    21,146,901
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