Holding(s) in Company

Cairn Energy PLC
01 May 2007



TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying      Cairn Energy plc
issuer of existing shares to which voting rights 
are attached:
-------------------------------
2. Reason for the notification (please tick the appropriate box or
boxes)                                                                  -------
--------------------------------------------
An acquisition or disposal of voting rights                              X
--------------------------------------------                             -------
An acquisition or disposal of financial instruments which may result in  
the acquisition of shares already issued to which voting rights are      -------
attached
--------------------------------------------
An event changing the breakdown of voting rights
--------------------------------------------                             -------
Other (please specify):__________________________________________        
--------------------------------------------                             -------
3. Full name of person(s) subject to the         Baillie Gifford & Co
notification obligation:                         
-------------------------------
4. Full name of shareholder(s) (if different
from 3.):                                                 
-------------------------------
5. Date of the transaction (and date on which    27 April 2007
the threshold is crossed or reached if           
different):
-------------------------------
6. Date on which issuer notified:                30 April 2007
-------------------------------                 
7. Threshold(s) that is/are crossed or reached:        11%
-------------------------------                            
8. Notified details:
-------------------------------                            




A: Voting rights attached to shares
Class/type   Situation previous to the   Resulting situation after the triggering
of shares    Triggering transaction      transaction
if possible
using the    Number of   Number of       Number Number of voting   % of voting
ISIN CODE    Shares      Voting Rights   of     rights             rights
                                         shares
                                         Direct Direct Indirect  Direct Indirect
Ordinary      14112306           10.82                  14370905         11.02
Share
GB00B1RZDL64

B: Financial Instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise/     Number of voting rights that may   % of
financial   date       Conversion    be acquired if the instrument is   voting
instrument             Period/ Date  exercised/ converted.              rights
N/A

Total (A+B)
Number of voting rights                % of voting rights
                                  
14370905                               11.02




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
In the narrative below, the figures in ( ) indicate the amount of voting rights
and the percentage held by each controlled undertaking where relevant.
Baillie Gifford & Co, a discretionary investment manager, is the parent
undertaking of an investment management group.
Its wholly-owned direct subsidiary undertaking Baillie Gifford Overseas Limited
(1328704; 1.0%) is also a discretionary investment manager.
Its wholly-owned direct subsidiary undertaking Baillie Gifford Life Limited
(2950007; 2.3%) is a life assurance company which procures discretionary
investment management services from Baillie Gifford & Co in respect of its own
account shareholdings.
Its wholly-owned indirect (via Baillie Gifford Life Limited) subsidiary
undertaking Baillie Gifford & Co Limited (444168; 0.3%) is an OEIC Authorised
Corporate Director and Unit Trust Manager which has delegated its discretionary
investment management role to Baillie Gifford & Co.

Proxy Voting:

10. Name of the proxy holder:                                              N/A

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:

14. Contact name:                                      Myra McIntyre
                                                       Scott Russell

15. Contact telephone number:                          0131 275 2154
                                                       0131 275 2106




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