Holding(s) in Company

Cairn Energy PLC
18 June 2004



FOR IMMEDIATE RELEASE

                                                                    18 June 2004


                  CAIRN ENERGY PLC ('Cairn' or 'the Company')

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

Cairn was notified on 18 June 2004 by M&G Investment Management Limited (for and
on behalf of Prudential plc) that Prudential plc and all of its subsidiaries no
longer have a notifiable interest in the issued share capital of the Company.



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