Holding(s) in Company

Cairn Energy PLC
25 February 2003


25 February 2003

                           Cairn Energy PLC ('Cairn')

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


On 25 February 2003, Cairn was notified by FMR Corp. and its direct and indirect
subsidiaries and Fidelity International Limited and its direct and indirect
subsidiaries, both being non-beneficial holders, that they had an interest in
17,854,136 ordinary shares of 10 pence each in Cairn, representing 11.99% of
Cairn's current issued ordinary share capital.



The registered holders to which this notification relates and the number of
shares held by those registered holders as at 25 February 2003 is as follows:-


                                                      NUMBER OF
REGISTERED HOLDER                                     SHARES
                                                         %
                                                    
MSCO                                                    15,000
Chase Nominees Limited                               6,364,931
Chase Manhattan Bank London                            352,637
Mellon Nominees Limited                                 56,000
Chase Nominees Limited                                 176,500
Chase Nominees Limited                                 385,942
HSBC Client Holdings Nominee (UK) Limited            8,527,345
Chase Manhattan Bank London                            190,181
Bank of New York London                              1,129,300
Deutsche                                               162,500
Northern Trust                                         272,500
State Street Nominees Limited                          127,000
Brown Brothers Harriman Ltd. LUX                        19,500
Bank of New York Brussels                               54,900
State Street Bank & Trust                               19,900
                                                    17,854,136      11.99%



The notifiable interests also comprise the notifiable interest of Mr Edward C.
Johnson 3rd, principal shareholder of FMR Corp. and Fidelity International
Limited.




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