Holding(s) in Company

Cairn Energy PLC
18 June 2004



FOR IMMEDIATE RELEASE

                                                                    18 June 2004

                           CAIRN ENERGY PLC ('Cairn')

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

Cairn was notified on 17 June 2004 by Deutsche Bank AG London that Deutsche Bank
AG and its subsidiaries have in aggregate an interest in 19,276,344 ordinary
shares of 10 pence each in Cairn, representing 12.73% 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                                    793,413

Morgan Nominees Limited                                    199,616

Bank of New York Nominees                                1,052,869

Chase Nominees                                           3,246,325

Deutsche Asset Management GmBH                              15,000

DWS                                                        384,000

HSBC Global Custody Nominees (UK)                          812,000

Lloyds Bank Nominees                                        10,774

Lothian Regional Council                                    85,000

Master Trust Bank of Japan                                   1,200

Nortrust Nominees                                        1,041,220

State Street Nominees                                   11,543,668

Vidacos Nominees                                            91,259

                                                        19,276,344       12.73


                      This information is provided by RNS
            The company news service from the London Stock Exchange