Holding(s) in Company

Cairn Energy PLC
15 August 2003





FOR IMMEDIATE RELEASE

                                                                  15 August 2003


                           Cairn Energy PLC ('Cairn')

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

On 14 August 2003, Cairn was notified by Fidelity International Limited and its
direct and indirect subsidiaries, being non-beneficial holders, that they had an
interest in 14,982,038 ordinary shares of 10 pence each in Cairn, representing
10.02% 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 14 August 2003 is as follows:-

REGISTERED HOLDER                                         NUMBER OF
                                                             SHARES
                                                                             %

Chase Nominees Limited                                    3,900,000
Chase Manhattan Bank London                                 176,037
Mellon Nominees Limited                                      63,800
Chase Nominees Limited                                      180,396
Chase Nominees Limited                                      237,000
HSBC Client Holdings Nominee (UK) Limited                 8,527,345
Chase Manhattan Bank London                                 216,694
Bank of New York London                                     919,800
Deutsche                                                    320,600
Northern Trust                                              255,566
State Street Nominees Limited                               110,700
Bank of New York Brussels                                    54,400
State Street Bank & Trust                                    19,700
                                                         14,982,038      10.02%


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





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