Holding(s) in Company

Cairn Energy PLC
16 June 2003







FOR IMMEDIATE RELEASE


16 June 2003






                           Cairn Energy PLC ('Cairn')


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



On 16 June 2003, Cairn was notified by Fidelity International Limited and its
direct and indirect subsidiaries, being non-beneficial holders, that they had an
interest in 16,250,177 ordinary shares of 10 pence each in Cairn, representing
10.88% 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 16 June 2003 is as follows:-

REGISTERED HOLDER                                          NUMBER OF         %
                                                            SHARES
                                                                             

Chase Nominees Limited                                    5,055,597
Chase Manhattan Bank London                                 352,637
Mellon Nominees Limited                                      63,800
Chase Nominees Limited                                      180,396
Chase Nominees Limited                                      309,942
HSBC Client Holdings Nominee (UK) Limited                 8,527,345
Chase Manhattan Bank London                                 211,294
Bank of New York London                                     919,800
Deutsche                                                    159,000
Northern Trust                                              255,566
State Street Nominees Limited                               110,700
Brown Brothers Harriman Ltd. LUX                             30,000
Bank of New York Brussels                                    54,400
State Street Bank & Trust                                    19,700
                                                         16,250,177      10.88%


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







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