Holding(s) in Company

Cairn Energy PLC 03 March 2008 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 BlackRock, Inc. notification obligation: ------------------------------- -------------------- 4. Full name of shareholder(s) (if different from 3.): ------------------------------- -------------------- 5. Date of the transaction (and date on which 28th February 2008 the threshold is crossed or reached if different): ------------------------------- -------------------- 6. Date on which issuer notified: 29th February 2008 ------------------------------- -------------------- 7. Threshold(s) that is/are crossed or reached: Gone below 13% ------------------------------- -------------------- 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 GB00B1RZDL64 17,198,062 17,198,062 N/A N/A 16,982,534 N/A 12.98% 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 Total (A+B) Number of voting rights % of voting rights 16,982,534 12.98% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: BlackRock Investment Management (UK) Limited - 16,982,534 (12.98%) Proxy Voting: 10. Name of the proxy holder: 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: 15. Contact telephone number: ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities) BlackRock, Inc Contact address (registered office for legal 33 King William Street, entities) London, EC4R 9AS Phone number 020 7743 4653 Other useful information (at least legal Siobhain Cox representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address Phone number Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information This information is provided by RNS The company news service from the London Stock Exchange
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