Holding(s) in Company

Cairn Energy PLC
15 September 2003

FOR IMMEDIATE RELEASE

                                                               15 September 2003

                           CAIRN ENERGY PLC ('Cairn')

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

Cairn was notified on 12 September 2003 by Deutsche Bank AG London that Deutsche
Bank AG and its subsidiaries have in aggregate an interest in 22,555,005
ordinary shares of 10 pence each in Cairn, representing 15.08% 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                                    112,269
Deutsche Bank AG Frankfurt                                  16,068
Morgan Nominees Limited                                  2,720,205
Morgan Nominees Limited a/c D131                         2,261,014
Morgan Nominees Limited SL                                  58,000
Bank of New York Nominees                                1,243,560
BT Globenet Nominees                                        12,700
Channel Nominees                                            41,700
Chase Nominees                                           2,880,800
Clydesdale Bank Custodian Nominees                         428,738
Deutsche Bank International Ltd                              5,215
HSBC Global Custody Nominees (UK)                          102,000
Lloyds Bank Nominees                                         8,900
Master Trust Bank of Japan                                   1,200
Nortrust Nominees                                        1,136,287
State Street Nominees                                   11,442,849
Tokyo Trust                                                 83,500
                                                        22,555,005       15.08



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