Holding(s) in Company

Cairn Energy PLC
21 July 2003



FOR IMMEDIATE RELEASE

                                                                    21 July 2003

                           CAIRN ENERGY PLC ('Cairn')

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

Cairn was notified on 18 July 2003 by Deutsche Bank AG London that Deutsche Bank
AG and its subsidiaries have in aggregate an interest in 22,725,002 ordinary
shares of 10 pence each in Cairn, representing 15.20% 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                                                886,811

Deutsche Bank AG Frankfurt                                              16,068

Morgan Nominees Limited                                              9,840,405

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 SL                                              48,000

Bank of New York Nominees                                            1,079,500

BT Globenet Nominees                                                    15,700

Channel Nominees                                                        41,700

Chase Nominees                                                       2,750,800

Clydesdale Bank Custodian Nominees                                     428,738

Deutsche Bank International Ltd                                         11,415

HSBC Global Custody Nominees (UK)                                      191,000

Lloyds Bank Nominees                                                     2,700

Master Trust Bank of Japan                                               1,200

Nortrust Nominees                                                    1,053,287

RBSTB Nominees                                                          14,000

State Street Nominees                                                3,734,662

Tokyo Trust                                                             83,500

                                                                    22,725,002


                      This information is provided by RNS
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